chloeroebuck2021
Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly 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
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.