If National Real GDP Grows at Twice the Rate of Population

question 117

Multiple Choice

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

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

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Definitions:

MANOVA

Multivariate Analysis of Variance, a statistical test used to compare the means of multiple dependent variables across one or more independent variable groups.

ANCOVA

Analysis of Covariance, a statistical technique that combines ANOVA and regression to analyze the impact of one or more categorical independent variables on a continuous dependent variable, while controlling for one or more covariates.

Dependent Variable

The outcome variable or the predicted variable in a regression equation.

Repeated-Measures ANOVA

A statistical technique used to compare means across more than two conditions or times, with the same subjects participating in all conditions.