The real output of a DVC increases from $200 billion to $260 billion and its population increases from 100 to 120 million, its real per capita output will have:
A. remained unchanged.
B. increased by about $167.
C. increased by about $55.
D. decreased by about $20.
B. increased by about $167.
You might also like to view...
Refer to Scenario 1 . If you start the course in such a way that each exam score is worse than your previous average what should happen to your average score?
What would happen to your average if the next exam score was larger than your previous exam score? Explain.
According to the World Bank and the International Monetary Fund, which of the following countries has shown the greatest rate of economic growth in the past two decades?
A) China B) Germany C) United States D) Mexico
Marginal, average, and total figures are bound together. If any two are known, the third can be calculated
a. True b. False Indicate whether the statement is true or false
Which of the following indicates the major difference between monopolists and competitive price searchers?
a. Monopolists will always be able to make economic profit; competitive price searchers will not. b. Barriers to entry are high under monopoly but low in competitive price-searcher markets. c. Monopolists will face a downward-sloping demand curve; competitive price searchers will not. d. Unregulated monopolists will charge prices that exceed marginal cost; competitive price searchers will not.