A rise in the GDP per capita over time most likely to indicate Select one: O a. that the national output has risen faster than increase in population b. that nominal GDP has increased more than real GDP C. a fall in the living standards of people d. that the gap between the rich and the poor has increased

A rise in the GDP per capita over time most likely to indicate Select one: O a. that the national output has risen faster than increase in population b. that nominal GDP has increased more than real GDP C. a fall in the living standards of people d. that the gap between the rich and the poor has increased

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 2P

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Question

A rise in the GDP per capita over time most likely to indicate
Select one:
O a. that the national output has risen faster than increase in population
b. that nominal GDP has increased more than real GDP
C.
a fall in the living standards of people
d.
that the gap between the rich and the poor has increased

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