Multiple Choice
Suppose a nation's population grows by 2 percent and, at the same time, its GDP grows by 5 percent. Approximately how fast will real GDP per person increase?
A) 3 percent per year
B) 2 percent per year
C) 5 percent per year
D) 10 percent per year
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q41: If the demand for labor increases<br>I. employment
Q42: A country in which real GDP per
Q43: Classical economists believed that<br>A) real GDP per
Q44: Which one of the following statements about
Q45: If the price level rises relative to
Q47: The view that population growth occurs when
Q48: An assumption of the neoclassical theory of
Q49: Which of the following does NOT increase
Q50: Labor productivity rises<br>A) if the amount of
Q51: If real GDP is $800 million and