What Will a Rapid Increase in the Number of Workers

question 39

Multiple Choice

What will a rapid increase in the number of workers, other things the same, likely do in the short term?

• A) raise real GDP per person but decrease real GDP
• B) decrease both real GDP and real GDP per person
• C) raise both real GDP and real GDP per person
• D) raise real GDP but decrease real GDP per person

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Definitions:

Budget Deficits

The situation that occurs when a government spends more money than it receives in revenue over a specific period of time.

Federal Budget Deficits

The financial situation where the U.S. government's expenditures exceed its revenues within a fiscal year.

National Debt

The total amount of money that a country's government has borrowed by issuing securities, mostly through the sale of bonds.

Interest Rates

The cost of borrowing money, often expressed as a percentage of the amount borrowed.