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:

Required To Maintain

Obligatory actions or measures needed to keep a system, process, or asset in working order or to uphold a specific condition.

Manufacturer

A company or individual that produces finished goods from raw materials through the use of machinery and labor, involved in the industrial sector of the economy.

Direct Lease

A lease agreement where the lessee directly leases the asset from the owner or lessor without using a third party.

Lessors Firm

A company that leases assets or property to another party, known as the lessee, under a contractual agreement.