If the Population Increases, Then Potential GDP ________ and Employment

question 232

Multiple Choice

If the population increases, then potential GDP ________ and employment ________.

• A) increases; increases
• B) increases; decreases
• C) decreases; increases
• D) decreases; decreases

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Definitions:

Title Passes

The legal transfer of ownership of a property from the seller to the buyer.

Physically Delivered

Refers to contracts, particularly in commodities trading, where the actual physical commodity is delivered upon contract expiration.

Buyer in Ordinary

Refers to a purchaser of goods who buys from someone who usually sells such goods, thereby granting certain legal protections under commercial law.

Good Faith

A principle requiring parties to act honestly and not mislead or withhold critical information in transactions.