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.
Population Projections of the United States
Human population growth, 1700 - present
Population growth rate %
Growing Interest in Sugar-Free Foods and Beverages
Possible Sources of Differences in Output per Worker
GDP per Capita in the United States, 1870–2009