If real GDP per capita is decreasing, real output is:
a. growing less rapidly than the population.
b. growing more rapidly than the population.
c. growing at the same rate as the population.
d. growing more rapidly than are prices.
Question 2
A person has a comparative advantage in producing a good if that person:
a. can produce the good at a lower absolute cost than anyone else.
b. can produce the good at a lower opportunity cost than anyone else.
c. can do a better job than anyone else.
d. spends more money in out-of-pocket expenses than anyone else.
e. can produce the good at a higher opportunity cost than anyone else.
Lycopodium obscurum growing on the forest floor.
Population predictions for 2000–2050, using three different total fertility rates (
Flipper tags have been extensively used in the study of penguin population dynamics.
World Population Growth, Past 10,000 years
Population growth and growth rate, 1950 - 2100
Time vs. USA Population Exponential