At a high level, economic prosperity and standard of living can be measured by real GDP per capita (where capita refers to the entire population, working or not). Real GDP per capita can be expressed as Output per worker times the share of the population employed. ( Y/N N/Pop; where Y = total real output, N = number of employed workers and Pop = total population.) Since the early 1960's the share of the U.S. population that is employed has risen. Further, between 1960 and 2013, average labor productivity has increased about 130%. Based on this which TWO of the following statements are true?

Circle two letters as your answer.

A. GDP per capita increased less than 130%

B. GDP per capita increased more than 130%

C. GDP per capita increased approximately 130%

D. If the share of the population in the workforce had declined during this period (rather than risen), real GDP per capita would have been lower

E. If the share of the population in the workforce had declined during this period (rather than risen), real GDP per capita would have been higher

F. If the share of the population in the workforce had declined during this period (rather than risen), real GDP per capita would have been unaffected