When a nation's real per capita Gross Domestic Product (GDP) increases, which of the following is TRUE?
A) Every individual in that nation shares in the economic gain.
B) A nation must channel most of the economic gains to its poorest citizens.
C) Low income people are guaranteed to lose; they never share in their nation's economic gains.
D) We don't know who has most benefited from economic growth unless we look at the distribution of income.
Correct Answer:
Verified
Q11: Costs associated with economic growth include all
Q12: Which of the following is TRUE?
A) Real
Q13: Economic growth is usually defined as
A) the
Q14: An outward shift of the production possibilities
Q15: There are a number of benefits that
Q17: The faster economic growth is, the
A) steeper
Q18: According to your text, which of the
Q19: The growth rate of per capita real
Q20: Economic growth may understate changes in standards
Q21: A nation's technological gains have increased labor
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents