If the real GDP of a country in 2011 was 300 billion, its price index was 108.3, and its population was 150 billion, then real GDP per capita for that year was:
a. 0.5 billion
b. 1 billion.
c. 8.3 billion.
d. 258.3 billion.
e. 2 billion.
e
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Refer to Figure 19-7. Which of the following is true?
A) Indian exports to the United States are more expensive at exchange rates greater than $.02/rupee than at the equilibrium exchange rate. B) U.S. imports are more expensive at exchange rates greater than $.02/rupee than at the equilibrium exchange rate. C) To achieve an exchange rate greater than $.02/rupee, the Reserve Bank of India must buy surplus dollars with rupees. D) The rupee is overvalued at exchange rates less than $.02/rupee.
Which of the following takes place in the direct finance market?
A) Savers make funds available to borrowers by making deposits to savings accounts. B) Borrowers take out loans from banks. C) Loans to corporations are made from the sale of corporate bonds. D) Firms borrow funds from their retained earnings.
Both indentured servants and slaves had rights in courts of law
Indicate whether the statement is true or false
Firms make a profit when they equate marginal revenue with marginal cost
Indicate whether the statement is true or false