When per capita real GDP is increasing, real output is growing: ...

[PhilipSeeMore]

When per capita real GDP is increasing, real output is growing:
 a. more rapidly than prices. b. more rapidly than population.
  c. less rapidly than prices. d. less rapidly than population.

Question 2

Assume that an inflationary gap must be closed by reducing aggregate expenditures. If consumers refuse to cut spending on consumption and producers won't cut demand for investment goods, the President:
 a. can do nothing.
  b. must build more roads.
  c. must borrow from Wall Street.
  d. must increase Social Security expenditures.
  e. must cut government spending.

[BUTTHOL369]

Answer to Question 1

b

Answer to Question 2

e

[PhilipSeeMore]

Thanks for the timely response, appreciate it

[ttt030911]

Gracias!