An Increase in the Population Will ________ Potential GDP,________ Employment,and

question 13

Multiple Choice

An increase in the population will ________ potential GDP,________ employment,and ________ the real wage.

• A) decrease; increase; raise
• B) increase; increase; raise
• C) increase; decrease; lower
• D) increase; increase; lower

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Definitions:

Trillion

A numerical value represented as 1,000,000,000,000 or 10^12, commonly used to quantify large sums, such as government budgets and the global economy.

APC

The Average Propensity to Consume calculates the portion of income that families allocate towards consumption as opposed to savings.

United States

A country located in North America, known for its large economy and diverse population, consisting of 50 states and a federal district.

United States

A country located primarily in North America, consisting of 50 states and a federal district, known for its large economy and diverse population.