A country with a real GDP per person similar to real GDP per person in the United States but with limited political freedom is generally considered to have
A) a lower standard of living than the United States.
B) a larger Human Development Index because the other country still needs to develop more political freedom.
C) the same standard of living as the United States.
D) an understated GDP.
E) an overstated nominal GDP.
A
You might also like to view...
There are no quasilinear tastes that have elasticity of substitution equal to 1 everywhere.
Answer the following statement true (T) or false (F)
While purchasing _____ an individual whose cost of time is low will visit a larger number of dealers compared to the individual whose cost of time is high
a. a rare piece of jewelry b. a refrigerator c. a pair of jogging shoes d. a cabinet for keeping books
The labor productivity curve in the capital deepening model of economic growth
a. is inversely related to capital deepening b. increases at an increasing rate c. increases at a decreasing rate d. is an upward sloping straight-line e. is a downward sloping straight line
Define investment? The meaning of investment is different for economists. Explain