Assume that the real GDP of a developing nation increases from $120 billion to $140 billion while its population expands from 100 to 110 million. As a result, real GDP per capita has increased by about ________.
A. $64 per person
B. $88 per person
C. $72 per person
D. $56 per person
Answer: C
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Explain how it might be possible for the total variable cost function to be linear? Explain
What will be an ideal response?
In the new Keynesian model, sticky prices may be due to ________
A) involuntary unemployment B) negative productivity shocks C) positive productivity shocks D) staggered prices
The government deficit
A) is equal to the government surplus plus taxes minus government spending. B) is equal to GDP minus GNP. C) is equal to disposable income plus the current account surplus. D) is equal to the negative of government saving.
Which of the following is not a country or region most likely to be among industrial market countries?
a. Western Europe b. North American c. Australia d. South Asia e. Japan