Question
How does the rate of population growth influence the level of GDP per person? a. It increases the capital stock per worker which raises output
How does the rate of population growth influence the level of GDP per person?
a. It increases the capital stock per worker which raises output per worker and it may increase technological progress which raises output per worker.
b. It decreases the capital stock per worker which reduces output per worker but it may increase technological progress which raises output per worker.
c. It decreases the capital stock per worker which reduces output per worker and it decreases technological progress which reduces output per worker.
d. It increases the capital stock per worker which raises output per worker but it decreases technological progress which reduces output per worker.
Step by Step Solution
3.34 Rating (160 Votes )
There are 3 Steps involved in it
Step: 1
The correct answer is option A The rate of popula...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Essentials of Economics
Authors: N. Gregory Mankiw
8th edition
1337091995, 978-1337515351, 1337515353, 978-1337091992
Students also viewed these Economics questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App