The Per Capita Output of an Economy Is Likely to Increase

question 37

Multiple Choice

The per capita output of an economy is likely to increase if:

• A)the number of workers in the economy grows faster than its population.
• B)the population of the country grows faster than its labor force.
• C)the government increases the tax rates.
• D)the government controls the number of illegal immigrant workers in the economy.
• E)the government manages the foreign investment in the economy.

---

Definitions:

Purely Competitive Market

A market structure characterized by many buyers and sellers, homogeneous products, and no barriers to entry or exit, leading to efficient outcomes.

Cost Data

Information related to the financial expenditures required to produce goods or services.

Purely Competitive Market

An ideal market scenario where many sellers offer identical products, ensuring no single entity can significantly impact market prices or conditions, effectively echoing the principles of pure competition.

Cost Data

Information related to the expenses incurred in producing a product or providing a service, including materials, labor, and overhead.