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What Will Cause the Standard of Living to Increase

Question 12

Multiple Choice

What will cause the standard of living to increase?


A) if the nominal GDP grows at a slower rate than real GDP
B) if the rate of population growth is less than the rate of growth of real GDP
C) if the rate of population growth exceeds the rate of growth of real GDP
D) if the nominal GDP grows at a faster rate than real GDP

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