During 2008, Swaziland had a real GDP growth rate of 1.8 percent and a real GDP growth rate per person of -1.3 percent. These rates indicate that in Swaziland
A) the population grew at a faster rate than real GDP.
B) real GDP grew more rapidly than did the population.
C) there was an error when calculating the growth rates because the growth rate of real GDP per person cannot be negative.
D) poverty levels are declining.
E) the population growth rate was negative.
A
You might also like to view...
If firms in a monopolistically competitive market are incurring economic losses, which of the following statements describes the changes that occur as the market adjusts to the long-run equilibrium?
a. Each existing firm's demand curve shifts to the right. b. More firms exit the market. c. Each firm eliminates its excess capacity. d. Both a and b are correct.
What is the expected value of a $100 bet on a flip of a fair coin, where heads pays double and tails pays zero?
What will be an ideal response?
The role of the entrepreneur in an economy is to
A. Ensure full employment of labor. B. Work with government planners to determine what goods are produced. C. Bring the factors of production together and assume the risk of production. D. Arrange bank financing for the owners of new businesses.
Suppose that Greece and Portugal are both engaged in the production of grapes and figs, and that Greece has an absolute advantage in the production of both goods. If Portugal has a lower opportunity cost for producing figs, then
A. Portugal has a comparative advantage in fig production, but there will be no gains from specialization and trade. B. Portugal has a comparative advantage in the production of figs, and specialization and trade between the two countries can be mutually beneficial. C. Portugal has a comparative advantage in the production of figs, but it is outweighed by Portugal's absolute advantage in fig production. D. Greece has a comparative advantage in the production of both goods.