If National Real GDP Grows at Twice the Rate of Population

question 42

Multiple Choice

If national real GDP grows at twice the rate of population growth,

• A) real per capita GDP growth will double each year.
• B) eventually there will be too much GDP.
• C) real per capita GDP will double each year.
• D) real per capita GDP will be reduced by half each year.

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Definitions:

Enterprise Control

The processes and systems put in place within an organization to manage, monitor, and evaluate its performance, resources, and policies to achieve its objectives effectively.

Higher Levels

Positions, statuses, or stages that are considered superior or more advanced in a particular hierarchy or system.

Large Corporation

A significantly sized business entity that operates in multiple locations, often internationally, with a substantial number of employees and high revenue.

Small Business

In Canada, a business that has 5–100 employees, is independently owned and operated, and does not dominate its industry.