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1. Real GDP per capita is: a. The value of real GDP divided by the number of units of capital in an economy in a

1. Real GDP per capita is: a. The value of real GDP divided by the number of units of capital in an economy in a given period. b. always increasing over time for any given economy., c. the value of real GDP divided by the population for a given country. d. both b and c.

2. Which of the following has been most important in driving long-run economic growth? a. rising labor productivity our output per worker b. putting more people to work c. being a relatively rich country initially d. the availability of abundant natural resources

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