객관식
Given the following data for the United States in a given year: Consumption = \(12 trillion, Investment = \)3 trillion, Government Spending = \(4 trillion, Net Exports = -\)0.5 trillion. What is the nominal US GDP for that year?
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10. Measuring National Output and Income
Expenditure Approach for Measuring GDP
객관식
Per capita GDP will rise if GDP:
A
increases faster than the population
B
decreases while the population remains constant
C
increases at the same rate as the population
D
remains constant as the population increases
검증된 단계별 안내1
Understand that per capita GDP is calculated as the total GDP divided by the total population, expressed as \(\text{Per capita GDP} = \frac{GDP}{Population}\).
Recognize that for per capita GDP to rise, the numerator (GDP) must grow at a faster rate than the denominator (population), meaning GDP growth outpaces population growth.
Analyze each option by comparing the growth rates of GDP and population: if GDP increases faster than population, per capita GDP rises; if GDP grows at the same rate or slower, per capita GDP stays the same or falls.
Note that if GDP decreases while population remains constant, per capita GDP will fall; if GDP remains constant while population increases, per capita GDP will also fall.
Conclude that the correct condition for per capita GDP to rise is when GDP increases faster than the population.
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