In the calculation of a country's GDP per capita, the entire population of the country is included, irrespective of age
a. True
b. False
Indicate whether the statement is true or false
True
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According to the textbook application about Catano, Puerto Rico, the primary source of the severe air pollution in that city was identified to be
a. a nearby oil refinery b. two large electrical power plants c. large 18-wheelers transporting goods from nearby docks d. a sewage sludge incinerator
The best example of a good sold in a monopolistically competitive market is
A) pizza. B) the local newspaper. C) sewer services. D) peaches.
All of the following are examples of electronic funds EXCEPT
A) credit cards. B) debit cards. C) stored value cards. D) e-cash.
Which of the following is a difference between real GDP per capita and real GDP per worker hour?
a. Real GDP per capita is the dollar value of output produced by an average worker in one hour, while real GDP per worker hour is the number of available goods and services per person. b. Real GDP per capita is the ratio of real GDP to population, while real GDP per worker hour is the ratio of GDP to the number of hours worked. c. Real GDP per capita is the difference between real GDP and population, while real GDP per worker hour is the difference between real GDP and the number of hours worked. d. Real GDP per capita increases with an increase in population, while real GDP per worker hour decreases with an increase in population.