If an economy's population grows at 3 percent and real GDP grows at 3 percent, then:
a. per capita real GDP is declining.
b. the economy's standard of living is increasing.
c. per capita real GDP is negative.
d. per capita real GDP is constant.
e. the economy is experiencing unemployment.
d
Economics
You might also like to view...
How are the CPI and the GDP deflator alike? How do they differ?
Economics
Discuss some of the changes in the organization of the economic systems of countries transitioning from communism to capitalism. How does this type of market reform increase economic efficiency?
What will be an ideal response?
Economics