Suppose That Population Grows by 2 Per Cent

question 60

Multiple Choice

Suppose that population grows by 2 per cent. For the standard of living to rise, which of the following must occur?

• A) Nominal GDP must grow by more than 2 per cent.
• B) Real GDP must grow by more than 2 per cent.
• C) Real GDP per capita must grow by more than 2 per cent.
• D) Consumption spending must grow by more than 2 per cent.

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Definitions:

Placebo

A substance or treatment with no active therapeutic effect, often used as a control in testing new drugs.

Premature Infants

Babies born before 37 weeks of gestation, requiring specialized care due to their underdeveloped bodies and organs.

Formula Feedings

The practice of feeding infants and young children milk formula as a substitute for or in addition to breastfeeding.

Breast-milk Feedings

The act of feeding an infant milk directly from the mother's breast or from the mother's expressed milk.