If real per capita Gross Domestic Product (GDP) grows at a constant annual rate of 4 percent and the annual population growth rate increases from 1 percent to 2 percent, the annual rate of growth of per capita real GDP will
A) increase. B) decrease.
C) remain unchanged. D) increase or decrease depending.
B
You might also like to view...
If an employer calls an applicant's prior employer to inquire about their work ethic, this is an example of ________.
A) the principal-agent problem B) screening C) self-revelation D) certification
As a general rule, free trade:
A. acts to equalize the supply of and demand for factors of production across countries. B. causes factor prices to converge across countries. C. increases the supply of factors that are domestically scarce. D. All of these are true.
Which of the following cannot be determined by using a production possibility table?
A. What combination of outputs is best? B. What combination of outputs can be produced? C. How much output can be produced from a given level of inputs? D. How much less of one output must be produced if more of another output is produced?
Refer to the data provided in Table 11.4 below to answer the following question(s).
Table 11.4 
Refer to Table 11.4. If the interest rate is 26%, then the farmer will engage in investment of
A. $1,000,000. B. $1,200,000. C. $1,400,000. D. $2,200,000.