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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Country A starts with real GDP per capita equal to $ 40,000 and Country B starts with real GDP per capita equal to $ 2,000 .Today the RGDP per capita in A is _______ times the value in B.Country A is growing at a rate of 3.5 % per year and Country B is growing at a rate of 7 % per year. Assume these growth rates do not change.Country A will double its RGDP per capita in _______ years...
Country A starts with real GDP per capita equal to $40,000 and Country B starts with...
Country A starts with real GDP per capita equal to $40,000 and Country B starts with real GDP per capita equal to $2,000. Today the RGDP per capita in A is ___ times the value in B. Country A is growing at a rate of 3.5% per year and Country B is growing at a rate of 7% per year. Assume these growth rates do not change. Country A will double its RGDP per capita in _____ years and country...
(Table) According to the table, which country will double its real GDP per capita most quickly?...
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in the real GDP of a country in 2011 was 425 billion, its price index was...
in the real GDP of a country in 2011 was 425 billion, its price index was 108.3 and its population was 300 billion. What is the real GDP per capita for that year?
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Suppose a country wanted to increase the rate of growth of its per capita real GDP. It could do this by A.decreasing the growth rate of real GDP and decreasing the population growth rate. B.decreasing the growth rate of real GDP and increasing the population growth rate. C.increasing the growth rate of real GDP and increasing the population growth rate. D.increasing the growth rate of real GDP and decreasing the population growth rate.
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13. If nominal GDP is growing at a higher rate than real GDP, one can cong...
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A country aims to double real GDP per capita in the next 25 years. If the rate of population growth in the country is 1.3% per year then at approximately what rate does real GDP need to grow to achieve this goal?
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