An increase in population growth in a country
A) always causes an increase in labor resources.
B) may not necessarily cause an increase in per capita real GDP.
C) may not cause an increase in labor resources in rich countries because employers will cut down on the number of hours required of workers.
D) will always cause an increase in per capita real GDP.
B
You might also like to view...
If capital per hour of labor increases, GDP per hour of labor
A) increases because the level of technology advances. B) increases for a given level of technology. C) changes only if technology also advances. D) decreases for a given level of technology. E) decreases because the level of technology decreases.
When the economy devotes more of its resources to investment goods, it must devote fewer resources to consumer goods
a. True b. False Indicate whether the statement is true or false