Which of the following is true? a. If population expands faster than real output, per capita real
Question:
Which of the following is true?
a. If population expands faster than real output, per capita real GDP will fall.
b. If real GDP expands faster than population, per capita real GDP will rise.
c. With economies of large-scale production, larger populations can result in more efficient production.
d. All of these are true.
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