If the growth rate of population is greater than a nation's growth rate of real GDP, then its real GDP per person
A) falls.
B) rises.
C) does not change.
D) might rise, fall, or not change.
E) cannot be measured.
A
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Between 1959 and 2003, the average annual growth rate of real GDP per capita in the United States was about _____
a. 0.1 percent per year b. 2.2 percent per year c. 6.7 percent per year d. 9.3 percent per year e. 15 percent per year
Basic research is conducted primarily by manufacturing industries
a. True b. False Indicate whether the statement is true or false
In general, the multiplier effect applies to changes in government spending but not to changes in taxation
a. True b. False Indicate whether the statement is true or false
The Council of Economic Advisers
a. was created in 1946. b. advises the president of the United States on economic policy matters. c. writes the annual Economic Report of the President. d. All of the above are correct.