If GDP Per Capita Rises by 2% Between 2011 and 2012,which

question 4

Multiple Choice

If GDP per capita rises by 2% between 2011 and 2012,which of the following is necessarily true?

• A) Real GDP has risen by more than 2%.
• B) The population has decreased.
• C) The population has increased, but by less than 2%.
• D) None of the above is necessarily true.

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Definitions:

International Payments

Transactions between countries for goods, services, and financial assets.

Goods Exports

The selling and shipment of physical products from one country to another.

Financial Account

A component of a country’s balance of payments that records transactions of foreign investment and domestic investment abroad.

Current Account

A component of a country's balance of payments that includes the trade balance, net primary income, and net secondary income, reflecting the value of exports and imports of goods and services.