If Population Increases,which of the Following Must Be True

question 75

Multiple Choice

If population increases,which of the following must be true?

• A)GDP will increase.
• B)GDP per capita will fall.
• C)GDP must increase if the same standard of living is to be maintained.
• D)The labor force must increase if the same standard of living is to be maintained.
• E)Overall demand increases,but per capita aggregate demand remains constant.

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Definitions:

Depreciable Asset

An asset subject to depreciation, which means its cost is allocated over its useful life due to wear and tear, deterioration, or obsolescence.

Carrying Amount

The net value of an asset or liability as presented on the balance sheet, accounting for factors like depreciation or amortization where applicable.

Accrual Basis

Accrual Basis is an accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is received or paid.