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.
The bobcat population has seen declines in the American Midwest, but is generally stable and healthy
Projected Ethnic Changes in U.S. Population to 2050
The Shrinking and the Fastest-Growing Cities
Role of Factors of Production in Determining Output per Worker, 2009
Saving Rate by Decile of Income per Capita
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011