Given a Constant Rate of Growth of Real GDP, What

question 72

Multiple Choice

Given a constant rate of growth of real GDP, what would lead to an increasing real GDP per capita?

• A)​a rate of population growth that is less than the rate of growth of real GDP
• B)​a rate of population growth that is greater than the rate of growth of real GDP
• C)​an increase in the size of the labor force
• D)​an increase in the capital stock

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Definitions:

Continuous Data

Data that can take on any value within a given range, as opposed to discrete data which can only take on specific values.

Equal Space

The provision or allocation of the same amount of physical or metaphorical room to different parties, ideas, or entities.

Central Tendency

Central tendency refers to a central value or a typical value for a probability distribution. It is a measure that attempts to describe a set of data by identifying the central position within that set of data. The most common measures of central tendency are the mean, median, and mode.

Interval Data

Interval data refers to a type of quantitative data that not only categorizes and orders the quantities but also precisely measures the differences between them. Unlike ordinal data, interval data has equal intervals between values, making mathematical operations meaningful.