Question: Question 15 1 pts If total output increases from $2 trillion to $4 trillion as population increases from 100 million to 200 million, then output

 Question 15 1 pts If total output increases from $2 trillion

Question 15 1 pts If total output increases from $2 trillion to $4 trillion as population increases from 100 million to 200 million, then output per person: (:3: doubles C) increases, but by less than 100% C) remains constant (:3: decreases

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!