Which of the following is true with regard to economic growth?
A)Real GDP could grow in a society at the same time that real per capita GDP did not.
B)For a given population, real GDP growth implies real per capital GDP growth.
C)If the population grew at the same rate as real GDP, real per capita GDP would not change.
D)All of the above are true.

Question

Which of the following is true with regard to economic growth?
A)​Real GDP could grow in a society at the same time that real per capita GDP did not.
B)​For a given population, real GDP growth implies real per capital GDP growth.
C)​If the population grew at the same rate as real GDP, real per capita GDP would not change.
D)​All of the above are true.

Quizplus · Accepted Answer

All the statements are true. A) Real GDP can increase while real per capita GDP remains unchanged if the population grows at the same rate as GDP. B) If real GDP grows while the population remains constant, real per capita GDP must also grow. C) If both the population and real GDP grow at the same rate, the real per capita GDP remains constant, indicating no change in the average standard of living.

Which of the Following Is True with Regard to Economic