While developing countries have about ________ of the world's population, they produce less than ________ of the world's output.
A. 5/6; 1/4
B. 2/3; 1/3
C. 7/8; 1/8
D. 6/7; 1/2
Answer: D
You might also like to view...
What does GDP measure, and what is the formula for calculating GDP using the expenditures approach?
What will be an ideal response?
"If Ivan says he is indifferent between the consumption of a new pair of jeans or a set of earrings, he means that he does not want either product." Is the previous analysis CORRECT? Explain your answer
What will be an ideal response?
Residential construction (new houses and apartments) are included in which component of GDP?
A. Government purchases B. Retail spending C. Investment spending D. Net exports
The essence of a prisoner's dilemma setting is that if both person A and person B do what is best for each of them,
A) they end up in a position that is "the best" for each of them. B) they end up in a position that is "the worst" for each of them. C) one ends up in a position that is "the best" for him and the other ends in a position that is "the worst" for him. D) they end up in a position from which each would prefer to move away. E) none of the above