If Real Per Capita Gross Domestic Product (GDP)grows at a Constant

question 147

Multiple Choice

If real per capita Gross Domestic Product (GDP) grows at a constant annual rate of 4 percent and the annual population growth rate increases from 1 percent to 2 percent, the annual rate of growth of per capita real GDP will

• A)increase.
• B)decrease.
• C)remain unchanged.
• D)increase or decrease depending.

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A concept that explains how profit emerges from the difference between a firm's revenues and its costs and how it acts as an incentive for business operations.

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