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?

Question

Quizplus · Accepted Answer

If the country's real per capita GDP has grown steadily, it means that the overall production of goods and services in the country has increased faster than its population. This implies that the country has experienced economic growth and an improvement in living standards. Option A is incorrect as the distribution of income may have become more unequal or remain the same. Option C and D provide irrelevant information about the country's trade balance, which is not directly related to its economic growth.

Suppose You Know That a Certain Country with a Growing