If total output increases from $1 trillion to $2 trillion as population increases from 100 million to 200 million, then output per person:
A. remains constant.
B. doubles.
C. decreases.
D. increases, but by less than 100 percent.
Answer: A
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Which of the following is most likely to belong to a union?
a. a government employee b. a salesperson c. a chef at a four-star restaurant d. a taxi driver
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Indicate whether the statement is true or false
The United States financed the additional government spending during World War II through
A) an increase in the deficit. B) an increase in taxes. C) an increase in imports. D) increases in both the deficit and taxes. E) increases in both the deficit and imports.
The difference between the investment demand curve and the investment schedule is that the former shows:
A. A direct relationship between investment and interest rate, while the latter shows no correlation between investment and income B. An inverse relationship between investment and interest rate, while the latter shows no correlation between investment and income C. A direct relationship between investment and income, while the latter shows no correlation between investment and interest rate D. An inverse relationship between investment and income, while the latter shows no correlation between investment and interest rate