When per capita real GDP is increasing, real output is growing:
A. more rapidly than prices.
B. more rapidly than population.
C. less rapidly than prices.
D. less rapidly than population.
Answer: B
Economics
You might also like to view...
Any asset that sellers will accept as payment is a(n)
A) medium of exchange. B) unit of accounting. C) store of value. D) standard of deferred payment.
Economics
If the government fiscal deficit equals $240 million and government borrowing equals $120 million, what is the change in the money supply in the economy?
a. $120 million b. $240 million c. $360 million d. $480 million e. $600 million
Economics