What is most likely happening if a country s real GDP is rising, but its real GDP per capita is falling? -Its price leve...
What is most likely happening if a country s real GDP is rising, but its real GDP per capita is falling?
-Its price level is growing faster than its output
-Its output is growing faster than its price level
-Its output is growing faster than its population-Its population is growing faster than its output
Homework Answers
Answer
Option
Its population is growing faster than its output
the real GDP is increasing means Its output is growing faster than its price level and the per capita real GDP is decreasing means Its population is growing faster than its output.
(Note: if two options are allowed to choose then option 1 and 4 are correct but if one is required then option 4 is correct)
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What is most likely happening if a country s real GDP is rising, but its real GDP per capita is falling? -Its price leve...
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13. If nominal GDP is growing at a higher rate than real GDP, one can cong...
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