Asked by Jawwad Siddiqui on Jun 25, 2024
Verified
If per-capita energy usage has leveled off while per capita GDP has risen, then it must mean that each dollar of output produced required a larger amount of energy.
Per-Capita Energy Usage
The average amount of energy consumed per person within a given population or geographic area.
GDP
Gross Domestic Product, a measure of the economic performance of a country, representing the total value of all goods and services produced over a specific time period.
- Understand the financial reasoning for the timing of resource extraction in relation to changes in prices.
- Compute and comprehend the notion of present value when evaluating resources over time.
Verified Answer
NM
Niayesh MostaghimJun 26, 2024
Final Answer :
False
Explanation :
If per-capita energy usage has leveled off while per-capita GDP has risen, it indicates that each dollar of output produced required less energy, showing an increase in energy efficiency or a shift towards less energy-intensive industries.
Learning Objectives
- Understand the financial reasoning for the timing of resource extraction in relation to changes in prices.
- Compute and comprehend the notion of present value when evaluating resources over time.