) If a nation in which the volume of goods and services is growing by 5 percent per year and its if the population is growing more than 5 percent a year, the increase per capita will be more than 5 percent. True False b) Individuals have two choices with their income: they can spend it or save it. True False

) If a nation in which the volume of goods and services is growing by 5 percent per year and its if the population is growing more than 5 percent a year, the increase per capita will be more than 5 percent. True False b) Individuals have two choices with their income: they can spend it or save it. True False

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter33: Income, Income Distribution, And Poverty

Section: Chapter Questions

Problem 5E

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