If Real Per Capita GDP Growth Is Less Than the Growth

question 71

Multiple Choice

If real per capita GDP growth is less than the growth of GDP then

• A)population growth is greater than growth of real output
• B)there can be no economic growth.
• C)population growth is less than growth of real output
• D)real per capita GDP and GDP will be growing at the same rate.

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Definitions:

Production Possibilities Frontier

A curve that shows the maximum efficient production level of one good for a given level of production for another, assuming fixed resources and technology.

Slope

In mathematics and economics, slope refers to the steepness, gradient, or inclination of a line, indicating the rate of change between two variables.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.).

Inefficient

A situation where resources are not utilized in the best possible way, leading to wasted inputs or the capability to produce more for less not being exploited.