Which of the following is true with regard to economic growth?
a. Real GDP could grow in a society at the same time that real per capita GDP did not
b. For a given population, real GDP growth implies real per capital GDP growth.
c. If the population grew at the same rate as real GDP, real per capita GDP would not change.
d. All of the above are true.
d
You might also like to view...
Which of the following is consistent with the law of demand?
A. An increase in the price of hamburgers causes a decrease in the quantity of hamburgers demanded. B. A decrease in the price of tacos causes sellers to want to sell less. C. A decrease in the price of egg rolls causes a decrease in the quantity of egg rolls demanded. D. An increase in the people's craving for pizza causes buyers to buy more pizza.
Which of the following macroeconomic variables would you include in an index of leading economic indicators?
A) Employment B) Inflation C) Real interest rates D) Residential investment
A good that is most likely to be in the producer price index is:
A. gasoline. B. apples. C. books. D. None of these would be in the PPI.
When computing gross domestic product, government services are valued at the
a. price consumers pay for them. b. value of the resources used to produce them. c. value of comparable outputs from the private sector. d. value of taxes collected from consumers.