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

question 24

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.

---

Definitions:

Entire Income

This term does not correspond to a specific economic concept; it might refer to total earnings or revenue of an individual or entity, but more context is needed for a precise definition. NO.

Uglifruits

A type of citrus fruit known for its unique appearance but sweet and tangy taste.

Breadfruits

A type of large, starchy tropical fruit, which can be used similarly to potatoes and is a staple food in many parts of the world.

Calorie Limit

A specified maximum number of calories to be consumed within a given period, often used for dietary planning or weight management.