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    Economics Study Set 8
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    Exam 27: The Classical Long-Run Policy Model: Growth and Supply-Side Policies
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    If Output Increases by 2 Percent and Population Growth Is
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If Output Increases by 2 Percent and Population Growth Is

Question 11

Question 11

Multiple Choice

If output increases by 2 percent and population growth is 3 percent, per capita output:


A) falls by about 5 percent.
B) falls by about 1 percent.
C) grows by about 1 percent.
D) grows by about 5 percent.

Correct Answer:

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