For living standards to rise, what must occur?

Nominal GDP must grow faster than the population.

Output must grow faster than the population.

The capital stock must grow faster than the population.

The labor force must grow faster than the population.

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chloeroebuck2021 chloeroebuck2021

06-03-2022
Social Studies

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For living standards to rise, what must occur?

Nominal GDP must grow faster than the population.

Output must grow faster than the population.

The capital stock must grow faster than the population.

The labor force must grow faster than the population.

Sagot :

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lawrencemma2165 lawrencemma2165 · Answer 1 · 2022-03-06T14:43:38-05:00

lawrencemma2165 lawrencemma2165

06-03-2022

Since living standards depend on how much is produced and how many people will share the output, the answer is output must grow faster than the population

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