Suppose a country’s real

Suppose a country’s real

Suppose a country’s real GDP increases. At the same time, its population also increases. What happens to its standard of living? Select one: a. Its standard of living depends on the price level. b. Its standard of living remains the same. c. Its standard of living could rise if population growth exceeds output growth. Incorrect d. Its standard of living could rise if population growth is smaller than output growth.

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