If population is expanding at a faster rate than a country's real output is expanding:
a. real per capita output would increase
b. real per capita output would decrease.
c. the production possibilities curve for the country as a whole will be shifting outward.
d. both (b) and (c) would be true.
d
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The use of common property resources:
A. reduces positive externalities in many cases. B. reduces negative externalities in many cases. C. leads to positive externalities in many cases. D. leads to negative externalities in many cases.
What was the approximate peak amount of borrowing from the Fed during the Financial Crisis of 2007-2009?
A) $2 billion B) $100 billion C) $270 billion D) $1 trillion
Real gross domestic product (GDP) shows: a. total spending on intermediate goods and services. b. constant dollar GDP. c. net domestic product
d. nominal GDP adjusted for taxes. e. domestic income.
If the real interest rate is 7.5% and the rate of inflation is 3%, what is the nominal interest rate?
A. 4.50% B. 4.57% C. 10.50% D. 10.73%