1) If a nation's real GDP has increased faster that its population over a period of time, then we would conclude that: real GDP per capita increased faster than real GDP population grew slower than real GDP per capita real GDP per capita increased slower than real GDP real GDP per capita must have decreased
2) Which of the following is a private transfer payment? Unemployment benefits received by newly laid-off workers The sale of used clothing at a thrift store The Social Security benefits sent to a retired worker A check for $250 sent by a parent to a daughter at college