If population grows faster than GDP, then per capita GDP must fall
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Refer to the table above. The government sector balance is a
A) $900 billion surplus. B) $500 billion deficit. C) $2,900 billion trade deficit. D) $2,900 billion balanced budget. E) $900 billion deficit.
Refer to Figure 3.1. If Marge and Homer both deny committing the crime, what is Marge's payout?
A) 1 year B) 2 years C) 7 years D) 15 years
An increase in the income tax ________ potential GDP by shifting the labor ________ curve ________
A) decreases; demand; leftward B) increases; demand; rightward C) decreases; supply; rightward D) decreases; supply; leftward E) increases; supply; rightward
The t-statistic measures
A) the efficiency of the t-test relative to the standard z-test. B) the probability that the estimated coefficient is within the range of the standard error. C) whether the estimated coefficient is independent of the standard error. D) whether the estimated coefficient is large relative to the standard error.