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

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Definitions:

Safety Inventory

Extra stock kept in storage to guard against uncertainty in demand or supply, ensuring that a company can meet customer orders without delays.

Forecasted Demand

An estimation of the quantity of a product or service that consumers will purchase in the future.

Forecasting Errors

The difference between actual outcomes and previously predicted values, typically observed in the context of demand forecasting or financial forecasts.

Safety Inventory

Extra inventory held to guard against uncertainties in demand or supply, ensuring product availability.