If a Country's Population Increases at a Higher Rate Than

question 84

Multiple Choice

If a country's population increases at a higher rate than the growth rate of its real GDP

• A) GDP per capita has increased.
• B) the standard of living in the country has decreased.
• C) average output per person remains constant.
• D) the country's rate of inflation has increased.

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Definitions:

365-Day Year

A method used in various financial calculations that assumes a year consists of exactly 365 days.

Maturity Value

The total amount payable to the holder of a financial instrument at its maturity date, including principal and any accrued interest.

360-Day Year

An accounting convention that simplifies interest calculation by assuming all months have 30 days.

Maturity Date

The date on which the principal amount of a loan, bond, or other financial instrument becomes due and payable.