Growth in GDP per capita can only occur if the growth in:
A. Output is greater than the growth in population.
B. Employment is greater than the growth in prices.
C. Population is greater than the growth in unemployment.
D. Prices is greater than the growth in output.
A. Output is greater than the growth in population.
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Which of the following is NOT an output of the production function?
A) a haircut B) a share of Acme Corporation stock C) a case of soda pop D) an extra-large pepperoni pizza
Which of the following statements about the real loanable funds market is not true?
a. Movements in the real risk-free interest rate cause significant changes in borrowers' willingness and ability to tap the domestic credit market if the demand is highly elastic. b. The more elastic a nation's supply of real loanable funds, the less sensitive domestic savers, banks, foreigners, and governments are to changes in the real risk-free interest rate. c. Monetary policy is usually stronger in nations with elastic real loanable funds demands. d. Fiscal policy is usually weaker in nations with elastic loanable funds demands. e. All of the above are true.