Asked by Shaniek Wiltshier on Jul 02, 2024

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Increases in the total real output of any LDCs do not increase the nation's standard of living because

A) the proceeds must be used to repay foreign lenders.
B) population increases may dissipate the increase in real output.
C) disguised unemployment in agriculture will persist.
D) surplus farm labor may move from rural areas to industrial areas and thereby cause unemployment.

Total Real Output

The total value of all goods and services produced in an economy, adjusted for inflation.

Disguised Unemployment

A situation where more workers are employed than is necessary for a given level of production, often due to lack of alternative employment options.

  • Examine factors that affect a nation's standard of living amidst economic development.
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KB
Kayla Beverly6 days ago
Final Answer :
B
Explanation :
Population increases can dilute the impact of increased real output on the standard of living, as the per capita share of resources may not improve significantly.