If an Economy's Population Grows at 3 Percent and Real

question 8

Multiple Choice

If an economy's population grows at 3 percent and real GDP grows at 3 percent, then:

• A) per capita real GDP is declining.
• B) the economy's standard of living is increasing.
• C) per capita real GDP is negative.
• D) per capita real GDP is constant.
• E) the economy is experiencing unemployment.