Solved

If Country A's Real GDP Is Growing at 6 Percent

Question 171

Multiple Choice

If Country A's real GDP is growing at 6 percent per year and Country B's real GDP is growing at 6 percent per year,then the standard of living is


A) growing more rapidly in Country A.
B) higher in Country B.
C) changing at the same rate in Country A and Country B.
D) growing more slowly in Country A.
E) changing at the same rate in Country A and Country B only if the rate of population growth is the same in both countries.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q166: If a country experiences a real GDP

Q167: Potential GDP is the level of<br>A)real GDP

Q168: Economic growth is enhanced by<br>A)free international trade.<br>B)limiting

Q169: Suppose that in the future,real GDP per

Q170: The Lucas Wedge is estimated to<br>A)total over

Q172: A country will likely experience an increase

Q173: Real GDP is $700 billion,average hours worked

Q174: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -According to the

Q175: The level of real GDP the economy

Q176: _ increases with education,training,and job experience.<br>I.Physical capital<br>Ii.Human