In 2000, a small nation has real GDP of $20,000 and a population of 150. By 2010, real GDP has grown to $30,000, and improved nutrition has allowed the population to increase to 220. Which statement must be true for this nation? In another 10 years, there will not be enough capital equipment for workers to use. Per capita GDP is higher in 2010 than it was in 2000. The high rate of population growth has caused real GDP per capita to fall. The productivity of labor in this nation has remained constant.
In 2000, a small nation has real GDP of $20,000 and a population of 150. By 2010, real GDP has grown to $30,000, and improved nutrition has allowed the population to increase to 220. Which statement must be true for this nation? In another 10 years, there will not be enough capital equipment for workers to use. Per capita GDP is higher in 2010 than it was in 2000. The high rate of population growth has caused real GDP per capita to fall. The productivity of labor in this nation has remained constant.
Chapter20: Growth And Less Developed Countries
Section: Chapter Questions
Problem 3SQP
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