1.How would GDP increase without there also being and increase in real GDP? a. T

Question

1.How would GDP increase without there also being and increase in real GDP?

a. The rate of population growth matched the rate of growth in output.

b. the rate of population growth matched the growth of the labor force.

c. Output increased, but it was not shared equally among all consumers.

d. All of the increase in GDP was due to higher prices.

2. Which one of the following is TRUE?

a. As many jobs that were once performed in the US have moved off-shore, the level of employment within US borders has fallen.

b. The only jobs that have moved off shore from the US are unskilled jobs in  manufacturing.

C. firms use off shore labor in an attempt to achieve the least cost combination of inputs

d. By moving jobs off shore, US firms have caused the domestic economy to shrink

Explanation / Answer

answer c

answer d

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