If a nation has a real GDP of $100,000 with 1,000 people, real GDP per capita would be $1,000 per person
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Use the figure below to answer the following question.
Refer to the three demand curves. An "increase in demand" would be illustrated as a change from
A. line A to C. B. point 4 to point 1. C. point 1 to point 2. D. line C to B.
Microsoft enjoyed the benefit of several barriers to entry, including all of the following except:
A) lock in and switching costs. B) patents and copyright protection. C) input barriers. D) network externalities.
If the quantity of money supplied exceeds the quantity of money demanded, at a point in time: a. the price level in the economy will fall
b. the equilibrium interest rate will fall. c. the equilibrium interest rate will fall. d. the money demand curve will shift to the right. e. the money demand curve will shift to the left.
The risk-free rate is usually approximated by interest rates on U.S. government debt, because the US government:
A. is considered extremely unlikely to default. B. sets all policy concerning interest rates. C. backs all loans secured with that rate. D. will never default on a loan that it makes.