Suppose a country has experienced relatively steady growth of aggregate real GDP. A higher population growth tends to

Question

Quizplus · Accepted Answer

A higher population growth means there are more people in the country, which can lead to a decrease in per capita real GDP (which is GDP divided by population). As a result, the economy may not be growing as fast on a per-person basis, which can lead to lower standards of living for individuals.

Suppose a Country Has Experienced Relatively Steady Growth of Aggregate