Multiple Choice
The population in the current year is 31.5 million and the real GDP is $814 million.The previous year's statistics were a population of 31 million and a real GDP of $800 million.The change in the standard of living,measured by growth in real GDP per person,is
A) 1.6 percent.
B) 7.75 percent.
C) 0.13 percent.
D) 6 percent.
E) 0 percent.
Correct Answer:
Verified
Correct Answer:
Verified
Q49: Suppose Germany's economy is experiencing full employment.This
Q50: Economic growth is a sustained expansion of
Q51: Assume the population growth rate is 2
Q52: The standard of living is measured by<br>A)real
Q53: A condition necessary for a country to
Q55: When all other influences on firms' hiring
Q56: One possible way of achieving faster economic
Q57: If real GDP grows at a rate
Q58: Human capital is defined as the<br>A)amount of
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -The figure above