Long-Run Increases in Living Standards, as Measured by Real GDP

question 151

Multiple Choice

Long-run increases in living standards, as measured by real GDP per person, are primarily the result of increases in:

• A)population.
• B)the money supply.
• C)government budget surpluses.
• D)average labor productivity.

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Definitions:

Local Area Network

A network that connects computers and devices in a limited geographical area, such as a home, school, office building, or closely located buildings.

Peer-To-Peer

A communications model that is decentralized, where every participant possesses equal capabilities and any participant can start a communication session.

Central

Referring to the primary or most important part, or located at the center.

Corporate

Relating to a large company or group, or pertaining to corporate businesses and their activities, strategies, and structure.