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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Is it possible for GDP to rise while at the same time per capita GDP is falling? Is it possible for GDP to fall while per capita GDP is rising?

To determine

The relationship between fall/rise in GDP with respect to rise/fall in GDP per capita at the same time.

Explanation

We have GDP per capita defined as:

GDPpercapita=GDPPopulation

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