If a country's real GDP is growing at 5 percent and the population is also growing at 5 percent, its:

a. per capita real GDP grows at an increasing rate.
b. per capita real GDP grows at a constant rate.
c. population growth will eventually exceed real GDP.
d. per capita real GDP decreases at a constant rate.
e. per capita real GDP does not change.


e

Economics

You might also like to view...

Assume that Japan and the United States are engaged in a system of flexible exchange rates. One US dollar will purchase how many Japanese Yen?

Economics

Most of the goods produced in an economy are ________

A) private goods B) public goods C) club goods D) inferior goods

Economics

What behavior by central and private banks in euro zone countries created the conditions for the 2009 euro crisis?

What will be an ideal response?

Economics

Marginal cost is defined as:

A) the change in total cost due to a one unit change in output. B) total cost divided by output. C) the change in output due to a one unit change in an input. D) total product divided by the quantity of input.

Economics