The size of the spending multiplier depends on the level of real GDP

Regretting the last unit of consumption of beer implies that

A) the total utility from drinking beer is negative. B) beer is an inferior good. C) the marginal utility of the last unit of beer consumed is negative. D) the demand curve for beer is horizontal.

When poverty is defined by an absolute real income level, what will happen to the poverty rate if income per capita in a country continues to grow?

A) The poverty rate will increase forever. B) The poverty rate will eventually be zero. C) The poverty rate will increase and then decrease. D) The poverty rate will never change.