When one compares per-capital output growth rates among countries
A) one needs to correct the data to account for departures from purchasing power parity.
B) such corrections are often not necessary.
C) such corrections are sometimes necessary.
D) the evidence whether such corrections are necessary are vague.
E) such corrections are not necessary.
A
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An increase in the inflation rate will lead to a ________ nominal interest rate, which will ________ the debt-to-GDP ratio
A) higher; raise B) higher; reduce C) lower; raise D) lower; reduce
Based on Figure 3.1, it can be inferred that:
A) Alvin does not consider good X as "good." B) Alvin will never purchase any of good Y. C) Alvin regards good X and good Y as perfect substitutes. D) Alvin regards good X and good Y as perfect complements. E) none of the above
Which of the following best states the main criticism of the Sherman Act?
a. It was overly harsh. b. It was unnecessary at the time. c. It was too vague. d. It duplicated existing law. e. It came too late in the Industrial Revolution.
Industrially advanced countries can best help developing countries by:
A. Establishing price supports for the products produced by DVCs B. Increasing tariffs and quotas on products produced by DVCs C. Increasing the flows of private capital to DVCs D. Increasing control over DVCs' capital markets