Suppose the Population Falls by 1 Percent

question 125

Multiple Choice

Suppose the population falls by 1 percent.For the standard of living to rise

• A) nominal GDP can fall by as much as 1 percent
• B) nominal GDP must grow by at least 1 percent
• C) real GDP must grow by at least 1 percent
• D) real GDP must fall by at least 1 percent
• E) nominal GDP must fall by more than 1 percent

---

Definitions:

Experimental Study

A research method that involves the manipulation of one variable to determine if changes in one variable cause changes in another variable, conducted in a controlled environment.

Cohort Effect

Variations in the characteristics of an area of study (such as attitudes, experiences, or behaviors) that occur as a result of being born at about the same time, experiencing the same historical events, or sharing the same generational influences.

Educational Software

Computer applications designed specifically to aid in the educational process, either by delivering knowledge or by facilitating learning activities.

Erikson's Psychosocial Theory

A theoretical framework that outlines eight stages of human development, each characterized by a specific conflict that must be resolved.