Which of the Following Affect the Growth in Real GDP

question 5

Multiple Choice

Which of the following affect the growth in real GDP per capita?

• A)​the total production of final goods in the economy.
• B)​the population.
• C)​the production of final services in the economy.
• D)​all of the above

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Definitions:

Total Utility

The total satisfaction or benefit that a consumer derives from consuming a certain quantity of goods or services.

Marginal Utility

The increase in satisfaction or value derived from the consumption of one more unit of a good or service.

Utility Schedule

A table showing the relationship between quantities of goods consumed and the utility or satisfaction derived from those quantities.

Marginal Utility

The surplus satisfaction or advantage gained upon consuming an incremental unit of a good or service.