Which of the following is true with regard to economic growth?
a. Real GDP could grow in a society at the same time that real per capita GDP did not
b. For a given population, real GDP growth implies real per capital GDP growth.
c. If the population grew at the same rate as real GDP, real per capita GDP would not change.
d. All of the above are true.
d
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The income tax system serves as an automatic stabilizer over the course of the business cycle
Indicate whether the statement is true or false
The relationship between NPV and IRR is such that :
a. both approaches always provide the same ranking of alternatives b. the IRR of a project is equal to the firm's cost of capital when the NPV of a project is $0 c. if the NPV of a project is negative, then the IRR must be greater than the cost of capital d. all of the above e. none of the above