Over time, a country's real GDP per capita typically:

A. shrinks
B. grows.
C. remains stable.
D. increases and decreases randomly.

Answer: B

Economics

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Explain the relationship between real GDP and potential GDP and between the unemployment rate and the natural unemployment rate as the economy moves through a business cycle

What will be an ideal response?

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All else equal, as the price of oil rises, potential profits from producing oil ________ which ________ oil companies to look for additional sources of oil

A) increase; encourages B) increase; discourages C) decrease; encourages D) decrease; discourages

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