If a country's real GDP is growing at 5 percent and the ...

[serike]

If a country's real GDP is growing at 5 percent and the population is also growing at 5 percent, its:
 a. per capita real GDP grows at an increasing rate.
  b. per capita real GDP grows at a constant rate.
  c. population growth will eventually exceed real GDP.
  d. per capita real GDP decreases at a constant rate.
  e. per capita real GDP does not change.

Question 2

If both the price level and nominal incomes change by the same percentage:
 a. real GDP will remain constant.
 b. the aggregate supply curve will be upward-sloping.
 c. profit margins will change in real terms.
 d. the long-run aggregate supply curve will be horizontal.
  e. both a and d.

[Harbringer]

Answer to Question 1

e

Answer to Question 2

a