Multiple Choice
Suppose that over the past ten years productivity grew faster in Oceania than in Landia and the population of both countries was unchanged.What can we conclude?
A) Real GDP per person must be higher in Oceania than in Landia.
B) Real GDP per person grew faster in Oceania than in Landia.
C) The standard of living must be higher in Oceania than in Landia.
D) Oceania must have had a greater capital stock than Landia.
Correct Answer:
Verified
Correct Answer:
Verified
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