If Over a Short Time There Is an Increase in the Number

question 89

Multiple Choice

If over a short time there is an increase in the number of people retired and a decrease in the number of people working, then productivity

• A)and real GDP per person rise.
• B)rises but real GDP per person falls.
• C)falls and real GDP per person rises.
• D)and real GDP per person fall.

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Definitions:

Bernoulli Distribution

A probability distribution of a random variable that takes the value 1 with probability 'p' and the value 0 with probability '1-p'.

Pareto Distribution

A probability distribution used to describe phenomena in the natural and social sciences where a small proportion of occurrences leads to a large proportion of outcomes.

Lognormal Distribution

A continuous probability distribution of a random variable whose logarithm is normally distributed.

Joint Probability Distribution

A statistical measure that gives the likelihood of two or more events occurring simultaneously and the relationship between them.