Suppose you know that a certain country with a growing population has experienced steady growth in real per capita GDP. What do you then also know to be TRUE?
A) The distribution of income in this country has become relatively more equal.
B) The growth in goods and services produced and exchanged in the marketplace has outpaced the growth in population.
C) This country exports more than it imports.
D) This country imports more than it exports.

Question

Quizplus · Accepted Answer

If real per capita GDP is steadily growing, it means that the economy is producing more goods and services per person. This indicates that the growth in the economy has outpaced the growth in population, as each person is able to consume more. However, it does not necessarily imply anything about income distribution or the country's trade balance.

Suppose You Know That a Certain Country with a Growing