Growth in real GDP per capita is achieved when population grows more rapidly than output.

Answer the following statement true (T) or false (F)


False

Growth in real GDP per capita is achieved when output grows more rapidly than population.

Economics

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If the nominal interest rate is 8.25% and inflation rate is 3%, the real interest rate is ________

A) 5.25% B) 2.75% C) 1.25% D) 11.25%

Economics

Which of the following is one of the main revenue sources for state and local governments?

a. income taxes b. sales taxes c. estate taxes d. excise taxes

Economics

One way in which monopolistic competition differs from oligopoly is that

a. there are no barriers to entry in oligopolies. b. in oligopoly markets there are only a few sellers. c. all firms in an oligopoly eventually earn zero economic profits. d. strategic interactions between firms are rare in oligopolies.

Economics

As a country moves up along its “bowed-out” production possibility curve, the opportunity cost of producing more of the good measured on the y-axis increases

Answer the following statement(s) true (T) or false (F)

Economics