When Production in an Economy Grows More Quickly Than the Population

question 144

Multiple Choice

When production in an economy grows more quickly than the population in that economy,which of the following must be occurring?

• A)Real GDP is falling.
• B)Incomes are growing at a slower rate than the population.
• C)Real GDP per capita is rising.
• D)Living standards are falling.

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Definitions:

Genetic Engineering

The direct manipulation of an organism's genes using biotechnology, enabling the addition, removal, or alteration of genetic material.

Human Condition

The characteristics, key events, and situations which compose the essentials of human existence, such as birth, growth, emotionality, aspiration, conflict, and mortality.

Phenotypic Plasticity

The capacity of a living entity to alter its physical characteristics as a reaction to varying environmental conditions.

Genetic Engineering

A field of biotechnology that involves directly manipulating the genes of organisms to modify or improve specific characteristics or produce desired products.