If a Country's Real GDP Is Rising by 4% Per

question 48

Multiple Choice

If a country's real GDP is rising by 4% per year while its population is rising at 3% per year, which of the following is true?

• A)The country's standard of living is falling.
• B)The country's standard of living is rising.
• C)Growth in nominal GDP outweighs growth in the population.
• D)Growth in nominal GDP is less than the growth in the population.

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Definitions:

False Positives

Incorrect results in which a test incorrectly indicates the presence of a condition or attribute.

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Misses Flight

Misses flight indicates a situation where an individual fails to board their scheduled airplane before its departure.