Country X Experiences an Increase in Real GDP and an Increase

question 52

Multiple Choice

Country X experiences an increase in Real GDP and an increase in per-capita Real GDP.It follows that

• A) the residents of country X are happier than they used to be.
• B) the benefits of economic growth outweigh the costs of economic growth.
• C) the costs of economic growth outweigh the benefits of economic growth.
• D) all the residents of country X are "richer" in terms of goods and services than they used to be.
• E) none of the above

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Definitions:

Olfactory Lobe

Part of the brain responsible for processing smell; it receives olfactory information from the nose.

Hammer

A tool typically used to drive nails into, or pull them out of, some other object, generally involving a handle attached to a heavy head.

Anvil

a heavy iron block typically used in forging or metalworking as a surface upon which metal can be hammered and shaped.

Stirrup

A ring or frame, hanging down from the saddle of a horse, for a rider's foot.