A higher population growth rate can potentially lead to a higher rate of growth in per capita real Gross Domestic Product (GDP) if
A. it leads to an increase in the amount of dead capital.
B. young workers replace older workers.
C. there is a greater labor force participation rate.
D. it leads to greater democracy in a nation.
Answer: C
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Decreases in the stock of capital will lead to
A) decreases in wages and GDP. B) increases in wages and total GDP. C) decreases in wages and increases in GDP. D) increases in wages and decreases in GDP.
The horizontal axis in a graph
A) measures time in a scatter diagram. B) measures the quality of a variable. C) is named the y-axis. D) is named the x-axis.
Which would be one of the factors that increase aggregate demand?
A. An increase in consumer wealth. B. An increase in the productivity of labor. C. An increase in personal income tax rates. D. An increase in real interest rates.
An increase in the public debt and its subsequent repayment will tend to:
A. Mildly reduce the income inequality in the U.S. B. Mildly increase the income inequality in the U.S. C. Have no impact on the income distribution in the U.S. D. Make the income distribution more equitable in the U.S.