In growth theory, the change in a country's standard of living is measured by the change in
A) employment.
B) the nation's capital stock.
C) wages per person.
D) real GDP.
E) real GDP per person.
E
You might also like to view...
A game in which each player has a dominant strategy of defecting, and each ends up worse off than if they had both cooperated, is called a ________ game
Fill in the blank(s) with correct word
In general, we would expect the marginal cost of pollution abatement to be
A) zero. B) decreasing. C) increasing. D) constant.
Property owned by everyone (and thus no one in particular) is generally referred to as
A) social property. B) private property. C) common property. D) natural property.
Kelly earns $72,000 per year from her fashion boutique. If the government increases the rate of tax from 12 percent to 15 percent, then her annual disposable income would: a. increase by $2,160
b. decrease by $2,160. c. increase by $10,800. d. decrease by $10,800.