Author Question: If a country's real GDP is growing at 5 percent and the population is also growing at 5 percent, ... (Read 40 times)

serike

  • Hero Member
  • *****
  • Posts: 542
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

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

e

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

For a complete list of videos, visit our video library