A Nation's Annual Growth Rate of Real GDP Per Person

question 130

Multiple Choice

A nation's annual growth rate of real GDP per person is 2 percent. Its standard of living will

• A)fall because of its population growth.
• B)double in 35 years.
• C)double in 50 years.
• D)not change because its population is growing.
• E)double in 10 years.

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Definitions:

Proportional Representation

A voting mechanism where parties receive a number of seats that correspond to their share of the overall vote.

Socioeconomic Status

An individual's or group's position within a hierarchical social structure, often measured by factors such as income, education, and occupation.

Prestige

The respect, admiration, or high regard that an individual, organization, or nation gains based on achievements, quality, or social status.

Income

Earnings received by an individual or entity, usually through work, investments, or business operations, over a specified period.