Growth in real GDP per capita is achieved when population grows more rapidly than output.
Growth in real GDP per capita is achieved when output grows more rapidly than population.

Question

Quizplus · Accepted Answer

Growth in real GDP per capita is achieved when output grows more rapidly than population. This means that there is an increase in the amount of goods and services produced per person, indicating economic progress and improvement in standards of living. If population grows more rapidly than output, it could result in a decrease in real GDP per capita, leading to economic problems such as unemployment and poverty.

Growth in Real GDP Per Capita Is Achieved When Population