When production in an economy grows more quickly than the population in that economy, which of the following must be occurring? A. Incomes are growing at a slower rate than the population. B. Real GDP is falling. C. Real GDP per capita is constant. D. Real GDP per capita is rising. E. Living standards are falling.
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When production in an economy grows more quickly than the population in that economy, which of the following must be occurring?
A. Incomes are growing at a slower rate than the population.
B. Real GDP is falling.
C. Real GDP per capita is constant.
D. Real GDP per capita is rising.
E. Living standards are falling.
QUESTION 18
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If immigration laws become more strict and many foreign citizens are not allowed to work and are forced to leave the United States,
A. there is a movement down along the
aggregate supply curve .B. the potential GDP curve will shift to the right.
C. the aggregate demand curve will shift to the left.
D. there is a movement up along the aggregate supply curve.
E. the potential GDP curve will shift to the lef
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