chloeroebuck2021
Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

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 :

lawrencemma2165
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
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.