Choose the Statement That Is Incorrect

question 1

Multiple Choice

Choose the statement that is incorrect.

• A)The standard of living depends on real GDP per person.
• B)The growth rate of real GDP per person can be calculated approximately by subtracting the population growth rate from the real GDP growth rate.
• C)Real GDP per person grows only if real GDP grows faster than the population grows.
• D)Real GDP increases when the economy returns to full employment in an expansion phase of the business cycle.
• E)The return to full employment in an expansion phase of the business cycle is economic growth.

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Definitions:

Jean Lipman-Blumen

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Any of the psychological elements that influence an individual's behavior, including attitudes, beliefs, emotions, and motivations.

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A fundamental psychological requirement for well-being, covering aspects like belonging, esteem, and self-actualization.