An increase in real per capita income will generally lead to

a. a cleaner environment and more time for recreation.

b. a reduction in life expectancy because working conditions are less desirable.

c. an increase in the number of hours worked by residents.

d. an increase in real GDP that is less rapid than the increase in population

During the past 200 years, income per personhas

a. increased in the developed countries of Western Europe and North America,but declined in the rest of the world.

b. declined in the developed countries of Western Europe and North America, but increased in the rest of the world.

c. increased far more rapidly in both developed and less developedcountries than during the centuries prior to 1800.

d. Increased far less rapidly in both developed and less developed countries than during the centuries prior to 1800.

When persons underestimate inflation (when actual inflation exceeds the expected rate), actual unemployment will

a. exceed the natural rate of unemployment.

b. equal the natural rate of unemployment.

c. fall below the natural rate of unemployment.

d. increase if the government is running a budget deficit and decrease if a budget surplus is present.