If the Rate of Growth of Output Per Capita Is

question 69

Multiple Choice

If the rate of growth of output per capita is 8% and the rate of growth of population is 2%, what is the rate of growth of output?

• A) 4%
• B) 6%
• C) 8%
• D) 10%

Explain the dynamics of crowd behavior and theories associated with it.

Identify ways to reduce dangerous levels of overcrowding.

Differentiate between various forms of collective behavior, such as social movements, crowds, and mobs.

Understand the role of rumors in situations of uncertainty.

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Definitions:

Capital Goods

Items that are used in the production of other goods and services, rather than being bought by consumers.

Opportunity Costs

The cost of choosing one alternative over others, representing the benefits an individual, investor, or business misses out on when choosing one option over another.

Resource Shiftability

The flexibility with which resources can be shifted from producing one product to another in response to changing market demands.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods or services that can be produced in a given time period with available resources.