Asked by
Maxwell Warner
on Oct 12, 2024
Verified
With economic development comes each of the following,except
A) a decline in the birth rate.
B) an increase in the stock of capital.
C) rising per capita GDP.
D) a declining wage rate.
Stock of Capital
Represents the total value of all physical assets (machinery, buildings, equipment) that are used in the production of goods and services in an economy.
Birth Rate
The number of live births per 1,000 population in a given year.
- Identify the influence of economic development on alterations in birth rates and population expansion.
- Determine the metrics and signals indicative of levels of economic progress.
Verified Answer
RG
Learning Objectives
- Identify the influence of economic development on alterations in birth rates and population expansion.
- Determine the metrics and signals indicative of levels of economic progress.