If Population Increases,which of the Following Will Be True

question 130

Multiple Choice

If population increases,which of the following will be true?

• A)GDP will increase.
• B)GDP per capita will fall at a faster rate than the increase in population.
• C)GDP must increase if the same standard of living is to be maintained.
• D)The labor force must increase if the same standard of living is to be maintained.
• E)Overall demand will increase,but per capita aggregate demand will remain constant.

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Definitions:

Market Demands

The total quantity of a product or service that consumers are willing and able to purchase at various price levels at a given time.

Direct Authority

The explicit power granted to an individual within an organization to make decisions, give orders, and enforce obedience, often aligned with their position in the organizational hierarchy.

Workforce

The collective group of individuals who are engaged in any form of employment, whether in a company, organization, or self-employed.