Suppose a countrys total output is growing 10 percent per year but its population is growing 11
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Suppose a country’s total output is growing 10 percent per year but its population is growing 11 percent per year. What will happen to living standards?
a. Remain the same.
b. Fall.
c. Rise.
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b Fall If a countrys population is growing faster than its output average l...View the full answer
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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