If a Nation's Population Grows, Then

question 286

Multiple Choice

If a nation's population grows, then

• A) growth in real GDP per person will be less than the growth of real GDP.
• B) there can be no economic growth.
• C) growth in real GDP per person will be greater than the growth of real GDP.
• D) there must be an increase in real GDP per person.

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Definitions:

Unhealthy Fast Food

Quick-service food options that are typically high in calories, fats, sugars, and sodium, contributing to poor dietary habits and health.

Inelastic Demand

A situation where the demand for a product changes very little when its price changes, indicating that consumers still purchase the product at nearly the same rate regardless of price fluctuations.

Tax Revenue

Tax revenue refers to the income that is gained by governments through taxation, used to fund public services and government spending.

Per-apple Tax

A tax imposed on each unit of apple sold, typically used as an example to explain tax effects on goods.