Question

in order to achieve modern economic growth, a nations output must grow faster than its population. false true question 4 2 pts investment is ultimately limited by the amount of savings in the economy. false true question 5 2 pts discuss the shortcomings of using gdp as a measure of the economys output performance and as a measure of its standard of living. edit view insert format tools table

Explanation:

For the first statement: Modern economic growth is often measured by an increase in per - capita output. If output grows faster than population, per - capita output (output/population) will increase.
For the second statement: In the basic economic model (in a closed economy without government for simplicity), \(Y = C + I\) (where \(Y\) is income, \(C\) is consumption, and \(I\) is investment). Also, \(S=Y - C\) (where \(S\) is savings). So, \(I = S\). Savings provide the funds for investment.

Answer:

For the first question: B. true
For the second question: B. true