If the Population and GDP Increase by the Same Percentage

question 139

Multiple Choice

If the population and GDP increase by the same percentage, then real GDP per capita:

• A)stays the same.
• B)increases.
• C)decreases.
• D)may change, but one cannot be sure of the direction.

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Definitions:

Deciders

Individuals or groups within an organization responsible for making final purchasing or policy decisions.

Formal Authority

The power granted to an individual or organization by virtue of their position or role, enabling them to enforce rules or make decisions.

Buying Center

A group of individuals within an organization who collectively participate in the decision-making process regarding the purchase of goods and services.

Buyers

Individuals or organizations that purchase goods or services for personal use or for the purpose of resale.