If per capita output increases by 3 percent and output grows by 4 percent, the population must be:
A. increasing at a rate of 1 percent.
B. increasing at a rate of 7 percent.
C. falling at a rate of 1 percent.
D. falling at a rate of 7 percent.
Answer: A
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he United States' economy was most depressed in
A. 1923. B. 1933. C. 1943. D. 1953.
Refer to Figure 12-4. What is the amount of its total fixed cost?
A) $1,080 B) $1,440 C) $2,520 D) It cannot be determined.
Have Malthus' predictions about population growth come true?
A) no, because modern birth control has limited population growth in all nations B) yes, as evidenced by the famine and food shortages affecting every nation today C) no, because the world's food supply has grown much more rapidly than Malthus foresaw D) Yes. The world's food supply, measured by calories per person, continues to fall.
Which of the following statements about the long-term labor supply is FALSE?
A. Technology changes, such as the introduction of air conditioning in the mid-20th century, can have an impact on regional labor supply. B. The growth rate of the working-age population has been declining since 1980. C. Immigration provides an insignificant proportion of the overall growth of the workforce. D. Programs funded by payroll taxes, such as Social Security and Medicare, face problems from a slowdown in the growth of the working-age population.