If a Country's Real GDP Is Rising by 3% Per

question 124

Multiple Choice

If a country's real GDP is rising by 3% per year while its population is rising at 5% per year, which of the following is true?

• A)The country's standard of living is falling.
• B)The country's standard of living is rising.
• C)Growth in nominal GDP outweighs growth in the population.
• D)Growth in nominal GDP is less than the growth in the population.
• E)Nominal GDP per capita must be constant.

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Definitions:

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Expectations

The beliefs or forecasts about future events affecting economic decisions and behaviors.

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Software that is able to interpret and execute commands given through spoken words.

Expected Return

The anticipated profit or loss from an investment, considering all possible outcomes and their probabilities.