Economics

Which of the following statements is NOT true about using per capita r

Which of the following statements is NOT true about using per capita real GDP to measure a nation’s economic growth? A) The definition does not indicate how the increase in growth is being disturbed among the nation’s population. B) The definition assumes that some of the increase in productivity goes to the poor. C) The […]

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Date: September 2nd, 2020

Suppose two countries have identical growth rates of real GDP and the

Suppose two countries have identical growth rates of real GDP and the same initial value of per capita real GDP. We know, then, that A) living standards may differ in the two countries because we don’t know how income is distributed in the countries. B) economic well being is the same in both countries. C) […]

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Date: September 2nd, 2020