If output growth exceeds population growth for a country,
A)Average living standards will increase.
B)GDP must have fallen at a very rapid rate.
C)Per capita GDP will decrease.
D)This country must have overcome the problem of opportunity costs.

Question

Quizplus · Accepted Answer

If output growth exceeds population growth, it means that there is an increase in the amount of goods and services produced per person. This leads to an increase in average living standards because there is more output to be divided among the population, resulting in a higher standard of living.

If Output Growth Exceeds Population Growth for a Country