For a Nation's Real GDP Per Capita to Rise During

question 229

Multiple Choice

For a nation's real GDP per capita to rise during a year,

• A)consumption spending must increase.
• B)real GDP must increase more rapidly than population.
• C)population must increase more rapidly than real GDP.
• D)investment spending must increase.

---

Definitions:

Information

Data that has been processed, organized, or structured in a way that adds context or meaning, making it useful for decision-making.

Local Unemployment

The percentage of the workforce that is not employed within a specific geographical area.

National Unemployment

The percentage of the labor force that is unable to find employment, considered an important indicator of the economic health of a country.

Average Age

The mean age of a specific group or population, calculated by dividing the sum of individual ages by the number of individuals.