In 2000, a small nation has real GDP of $20,000 and a population of 150. By 2010, real GDP has grown to $30,000, andimproved nutrition has allowed the population to increase to 220.Which statement must be true for this nation?In another 10 years, there will not be enough capital equipment for workers to use.Per capita GDP is higher in 2010 than it was in 2000.The high rate of population growth has caused real GDP per capita to fall.The productivity of labor in this nation has remained constant.As the nation's leading expert in economics, you have been asked to present a series of economic policies you believe would behelpful to the nation. Because of budget constraints, the legislature also wants you to rank your suggestions.Which suggestion would be last on your list of policy proposals?research and development fundingstrict population control measuresimprovement of the educational systemreduction of trade barriers

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In 2000, a small nation has real GDP of $20,000 and a population of 150. By 2010, real GDP has grown to $30,000, and improved nutrition has allowed the population to increase to 220. Which statement must be true for this nation? In another 10 years, there will not be enough capital equipment for workers to use. Per capita GDP is higher in 2010 than it was in 2000. The high rate of population growth has caused real GDP per capita to fall. The productivity of labor in this nation has remained constant.

In 2000, a small nation has real GDP of $20,000 and a population of 150. By 2010, real GDP has grown to $30,000, and improved nutrition has allowed the population to increase to 220. Which statement must be true for this nation? In another 10 years, there will not be enough capital equipment for workers to use. Per capita GDP is higher in 2010 than it was in 2000. The high rate of population growth has caused real GDP per capita to fall. The productivity of labor in this nation has remained constant.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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