If Real GDP Is Increasing More Rapidly Than Population

question 101

Multiple Choice

If real GDP is increasing more rapidly than population,

• A) population must be declining.
• B) the country will have to export more than it imports.
• C) the general level of prices must be increasing.
• D) per capita real GDP will be increasing.

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Definitions:

Five Forces Model

A framework developed by Michael E. Porter to analyze a business's competitive environment in five key areas: competitive rivalry, the threat of new entrants, the threat of substitute products, the bargaining power of suppliers, and the bargaining power of buyers.

Competitive Forces

External factors that influence the competitive position of a firm within an industry, including competition, potential entrants, substitutes, buyers, and suppliers.

Profitability

A measurement of the efficiency and effectiveness of a company at generating profits from its operations.

Competition And Profitability

The relationship between the competitiveness of a market and the ability of firms within that market to generate profits.