A nation's real GDP was $250 billion in 2013 and $265 billion in 2014. Its population was 120 million in 2013 and 125 million in 2014. What is its real GDP per capita in 2014?
A. $2,120 per person
B. $212 per person
C. $21,200 per person
D. $205 per person
A. $2,120 per person
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If the Fed follows a high-growth monetary policy, but workers believe that the policy is time inconsistent, then low-wage contracts will be in force and unemployment will decline
a. True b. False Indicate whether the statement is true or false
Which of the following is a possible result of price confusion?
A. People are less able to take actions that mitigate the impact of monetary policy. B. Sellers will face pressure to provide more accurate pricing information. C. The price system becomes a less effective way to coordinate economic action. D. The signals that prices send become clearer and more necessary.
Suppose the actual rate of unemployment is 4 percent. What is the natural rate of unemployment if actual output equals potential output?
A. ?4 percent B. 4 percent C. 0 percent D. 2 percent
When a new Walmart locates in an area, other businesses in the area are
A. both helped and hurt. B. all helped. C. all hurt. D. all unaffected.