Multiple Choice
The only way the standard of living of the average person in a country can increase is if ________ increases faster than ________.
A) production; population
B) population; GDP per capita
C) population; production
D) population; income
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Because of technological change,oil companies like Chevron
Q2: The period of expansion ends with a
Q3: Which of the following is not one
Q5: If consumers decide to be more frugal
Q6: Since the 1950s<br>A)the United States has not
Q7: The demand for durable goods<br>A)has decreased over
Q8: Define the two categories of saving in
Q9: Technological advances generally result in<br>A)decreased incomes.<br>B)increased life
Q10: An increase in the real interest rate
Q11: Which of the following is most likely