Typically, countries with high growth rates of per-capita GDP have
a. lower infant mortality rates
b. higher life expectancies
c. higher adult literacy
d. all of the above
e. higher unemployment rates.
D
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Suppose Sarah owns a small company that makes wedding cakes. The table below shows how Sarah's total cost varies depending on the number of wedding cakes she makes each day.Number ofCakes Per DayTotal CostPer Day0$1001$1802$2203$3004$4005$5206$660Sarah's fixed cost is ________ per day.
A. $20 B. $200 C. $100 D. $10
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What will be an ideal response?
An economic theory is also known as an economic
A. conclusion. B. prediction. C. assumption. D. model.
If real GDP declines in a given year, nominal GDP:
A. Must also be declining B. Must also be increasing C. May either rise or fall D. Is likely to remain constant