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.

---

Definitions:

Sensation Thinker

This term might not correspond to a widely recognized concept in psychology or management sciences in a direct manner, it might be a confusion or mixing of the terms used in psychological type theories.

High Control

A management style characterized by close supervision, strict rules, and a low degree of autonomy for subordinates.

Certain Environment

An operating scenario where information is fully available and future outcomes can be accurately predicted or known.

Structured Problem

A problem with a clear definition, known variables, and an identifiable solution process, often easier to analyze and solve systematically.