Suppose That Real GDP Grew More in Country a Than

question 85

Multiple Choice

Suppose that real GDP grew more in Country A than in Country B last year. Which of the following does this imply concerning productivity or standard of living?

• A)Country A must have a higher standard of living than country B.
• B)Country A's productivity must have grown faster than country B's.
• C)Country A must have a higher real GDP than Country B.
• D)Country A's productivity must have been higher only if the population in the two countries grew at the same rate.

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Definitions:

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The possession and control of a retail business, which involves selling goods directly to consumers.

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In various mythologies, a vast, indefinite period of time, often used to describe an age or era of the universe.

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A multinational retail corporation headquartered in France, known for its chain of hypermarkets, supermarkets, and convenience stores around the world.

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