If Our Population Doubles,our GDP Doubles,and the GDP Deflator Doubles,our

question 33

Multiple Choice

If our population doubles,our GDP doubles,and the GDP deflator doubles,our per capita real GDP will

• A)quadruple.
• B)double.
• C)stay exactly the same.
• D)decline by 25 percent.
• E)decline by 50 percent.

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Definitions:

Excess Capacity

Refers to the situation where a firm or economy can produce more goods or services than currently produced due to available resources not being fully utilized.

Efficiency

The extent to which time, effort, or cost is well used for the intended task or purpose within supply chain processes.

C2C Cycle

The cycle within consumer-to-consumer transactions, from one individual to another, typically facilitated by third-party platforms.

Accounts Payable

The amount of money a company owes to its suppliers or creditors for goods and services purchased on credit.