Growth in GDP per capita can only occur if the growth in: Prices is greater than

Question

Growth in GDP per capita can only occur if the growth in: Prices is greater than the growth in output. Employment is greater than the growth in prices. Output is greater than the growth in population Population is greater than the growth in unemployment. QUESTION 13 years for GDP per If GDP per capita grows at a constant rate of 6 percent per year, using the "rule of 72" it will take approximately capita to double. 0 O 10 O 72 O 6 12 QUESTION 14 GDP is the value of output measured in constant prices or GDP adjusted for inflation Nominal O Real O Green Current

Explanation / Answer

12. Ans: Output is greater than the growth in population.

Explanation:

GDP per capita = GDP / Total population

13. Ans: 12

14. Ans: Real

Explanation:

Real GDP is the value of output measured in constant or base prices and adjusted for inflation.

15. Ans : An increase in productivity.

Explanation:

When goverment spends money for education and job training then that will improve the skills of the people. As a result the overall productivity will increase.

16. Ans: Comparing living standards between countries.

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