Suppose the Population of a Country Falls,but Real GDP Remains

question 45

Multiple Choice

Suppose the population of a country falls,but Real GDP remains constant.There is __________ economic growth.

• A) both absolute and per-capita real
• B) absolute, but not per-capita real
• C) per-capita real, but not absolute
• D) neither absolute nor per-capita real

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Definitions:

Supplies Account

An account used to track the cost of supplies used by a business during an accounting period that are not directly tied to production.

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period, providing insight into its operational efficiency.

Unearned Revenue

Amounts received for goods or services that have not yet been provided, recorded as a liability until the service or product is delivered.

Liability

An obligation or debt that a company must pay in the future, arising from past transactions or events.