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QUESTION
Q17. What must be true in order for per capita real GDP to increase when the population is also increasing?
Q17. What must be true in order for per capita real GDP to increase when the population is also increasing?
a. The economy must be importing some essential goods.
b. The rate of growth of output must exceed the population growth rate.
c. The rate of inflation must be zero.
d. The rate of inflation must be less than the rate of economic growth.
