If the GDP per capita grows by 5%, it means that . Oa The rich people's incomes increased by 5% Ob. Employment rates increased by 5% O. On the average, the people's income grew by 5% Od. Everyone's income grew by 5%

If the GDP per capita grows by 5%, it means that . Oa The rich people's incomes increased by 5% Ob. Employment rates increased by 5% O. On the average, the people's income grew by 5% Od. Everyone's income grew by 5%

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter7: Taking The Nation's Economic Pulse

Section: Chapter Questions

Problem 2CQ

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Question

If the GDP per capita grows by 5%, it means that,
O a. The rich people's incomes increased by 5%
Ob. Employment rates increased by 5%
O. On the average, the people's income grew by 5%
Od. Everyone's income grew by 5%

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