If Real GDP and Population Are Both Growing at a Positive

question 130

Multiple Choice

If real GDP and population are both growing at a positive rate,

• A)real GDP must be growing slower than real GDP per capita.
• B)real GDP must be growing faster than real GDP per capita.
• C)real GDP per capita must be increasing.
• D)real GDP per capita must be decreasing.
• E)None of these

Recognize the role and functions of the Bureau of Labor Statistics in relation to CPI.

Categorize the various methods and indices used to measure inflation.

Analyze the factors affecting consumer spending patterns as indicated by the CPI.

Differentiate between the CPI and GDP deflator as measures of inflation.

---

Definitions:

Dishonestly

The act of being untruthful or deceitful, involving practices such as lying, cheating, or stealing.

College Degree

An academic achievement awarded by colleges or universities upon completion of a course of study, signifying the recipient's education level in a specific field.

Specific Major

A particular field of study chosen by a student to specialize in during their undergraduate or graduate education.

Undeclared Major

A status for college students who have not yet selected a specific field of study.