Per capita gross national income (GNI) increases when
A. GNI does not change and the population increases.
B. GNI increases and the population does not change.
C. GNI and the population decrease at the same rate.
D. GNI and the population increase at the same rate.
Answer: B
You might also like to view...
Explain how the outcome of the Cournot model is achieved
What will be an ideal response?
If the MPP of an additional unit of labor is 3 units per hour, product price is constant at $8 per unit, and the wage rate is $26 per hour, then
A. Product price must be reduced if profits are to be made. B. The employer should lower wages and accept less employment of labor. C. The additional unit of labor should be employed. D. The additional unit of labor should not be employed because it costs more than it is worth.
Which of the following is NOT an official reserve asset for the United States?
A) Monetary gold B) British pounds C) SDRs from the IMF D) Mexican pesos
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point E to Point A, the opportunity cost of hybrid cars, measured in terms of motorcycles
A. increases. B. initially increases, then decreases. C. decreases. D. remains constant.