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.

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Definitions:

Rhomboideus Thoracis

A muscle of the back that helps in the retraction, rotation, and elevation of the scapula.

Fixative

A chemical used to preserve or stabilize biological tissues in a life-like state for microscopic examination or medical procedures.

Distilled Water

Water that has been purified by boiling and then condensing the steam back into a liquid to remove impurities and minerals.

Sternomastoid

A muscle in the side of the neck that acts to rotate the head to the opposite side or bend it to the same side.