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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Microeconomics Principles, Problems and Policies

ISBN: 978-1259450242

20th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn

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Question Posted: Apr 24, 2018 01:52 AM

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Suppose a countrys total output is growing 10 percent per year but its population is growing 11

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b Fall If a countrys population is growing faster than its output average l...View the full answer

Microeconomics Principles, Problems and Policies

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