practice04 - A Which of the following statements is...

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% ¨ ±² ± D ı T ² (±²) ³±´´.±µ.³¶( l ) ü > J ± " T ² , ± s " J, 6~_ ¿ ³y>´ ~ U µ ˝ ³ µ¶– ± ˚ ² ³ ´l ± ´ ‹, j ´ l ± ² ˇ ± (²·%): ± ± ³¸ , ´ s z p , ·².8 L ´. Which of the following statements is correct? (a) ¸e level of real GDP is a good gauge of economic prosperity, and the growth of real GDP is a good gauge of economic progress. (b) ¸e level of real GDP is a good gauge of economic progress, and the growth of real GDP is a good gauge of economic prosperity. (c) ¸e level of real GDP is a good gauge of economic prosperity, and the level of real GDP per person is a good gauge of economic progress. (d) ¸e level of real GDP is a good gauge of economic progress, and the level of real GDP per person is a good gauge of economic prosperity. ³. Suppose there are constant returns to scale. Now suppose that over time a country doubles its workers, its natural resources, its physical capital, and its human capital, but its technology is unchanged. Which of the following would double?
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