If an Economy's Population Grows at 3 Percent and GDP

question 5

Multiple Choice

If an economy's population grows at 3 percent and GDP grows at 4 percent, then:

• A) per capita real GDP is declining.
• B) the economy's standard of living is decreasing.
• C) per capita real GDP is negative.
• D) per capita real GDP is growing.
• E) the economy is experiencing unemployment.

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