Answer:
a. rises but real GDP per person falls
Explanation:
Gross domestic product is the total monetary value of output that is produced by an economy in a given period.
GDP increases as the income increases. This is because people have more money to spend on goods and services.
So if people are retiring they will earn pension that will be spent. This increases productivity of the economy.
However since the number of people working is reducing there will be a reduction in real GDP per person. Only few people are producing and output will be allocated to a large population many of whom are not working.
An increase in inflation and a decrease in unemployment.
D)
Market equilibrium occurs when supply = demand
Answer:
how to present to the public the results of your product or events in your company
Answer:
shift the supply curve to the right.
Explanation:
In production when there is an improvement in production, it results in higher output rate from the supplier. This will shift the supply curve to the right.
Customers will demand less of the product bas there will be surplus in the economy.
The price will fall to a new equillibrum level as illustrated in the attached diagram to position F and equillibrum quantity increases to q1.
For example if rate of production of computers goes up there will be excess being supplied shifting supply to the right. Due to surplus price will fall. The result will be purchase of more computers at lower price.