If Real GDP Remains Unchanged, the Population Size Is Stationary

question 17

Multiple Choice

If real GDP remains unchanged, the population size is stationary, and people have more leisure time, then per capita real GDP will _____.

• A)overstate actual economic growth
• B)understate actual economic growth
• C)be the most accurate measure of actual economic growth
• D)show that actual economic growth was negative
• E)show that actual economic growth was positive

---

Definitions:

Interest Rates

The fee, shown as a percentage of the principal amount, that a lender imposes on a borrower for the use of assets.

T-bill Rate

The yield on U.S. Treasury bills, a benchmark for short-term interest rates in the United States.

Futures Price

The agreed-upon price for the future exchange of an asset; a financial contract specifying the price at which an asset, often a physical commodity or a financial instrument, will be bought or sold at a future date.

Spot Price

The current market price at which a particular asset, such as a commodity, security, or currency, can immediately be bought or sold.