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autumnnelson123 autumnnelson123
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5 years ago

Question 1.

In Polynomia, real GDP increased by 8% and the population increased by 3% in 2016. In 2016, Polynomia experienced



▸ economic growth, but not an increase in living standards.

▸ economic growth and an increase in living standards.

▸ no economic growth, but an increase in living standards.

▸ an economic decline.

Question 2.

Convergence theory suggests that gaps in ________ tend to close over time.



▸ national income

▸ population levels

▸ unemployment rates

▸ inflation rates
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Niquegirl21!Niquegirl21!
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5 years ago
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5 years ago
Brilliant
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