Which statement best describes the two issues economists face when comparing the GDP of different nations?
a. The two issues economists face when comparing the GDP of different nations are natural resources and population.
b. The two issues economists face when comparing the GDP of different nations are natural resources and tax codes.
c. The two issues economists face when comparing the GDP of different nations are currency and natural resources.
d. The two issues economists face when comparing the GDP of different nations are currency and population.
d. The two issues economists face when comparing the GDP of different nations are currency and population.
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The biggest declines in prices in the last few years have come from medical care.
Answer the following statement true (T) or false (F)
In the market for euros, an increase in the relative safety of U.S. investments tends to
A. cause no change in equilibrium price. B. increase equilibrium price. C. decrease equilibrium price. D. increase excess demand.
Among the liabilities of commercial banks are deposits.
Answer the following statement true (T) or false (F)
One major path that leads to growth in both developing nations (DVCs) as well industrially advanced nations (IACs) is that productive resources must be:
A. Increased at the same rate as the population grows B. Distributed more equitably across business sectors C. Reallocated to export industries D. Used more efficiently