Consider an imaginary 10-year period over which output per person falls but GDP increases. How can this happen? This is possible if A. the rate of unemployment is constant B. the rate of increase in the other factors of production is small CC. the number of people in the corresponding population is falling OD the rate of technical progress is constant economy?

Consider an imaginary 10-year period over which output per person falls but GDP increases. How can this happen? This is possible if A. the rate of unemployment is constant B. the rate of increase in the other factors of production is small CC. the number of people in the corresponding population is falling OD the rate of technical progress is constant economy?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter7: Economic Growth: Theory And Policy

Section: Chapter Questions

Problem 3TY

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