GNI per capita can be adjusted by purchasing power to account for differences in the cost of living.
a. true
b. false
Answer: a. true
You might also like to view...
If the quantity of money supplied does not respond to changes in the interest rate, then the money supply curve is
A) vertical. B) horizontal. C) relatively flat but upward sloping. D) relatively steep but upward sloping.
The interbank market trafficking in reserves is known as the ________
Fill in the blank(s) with correct word
If a decrease in income results in a decrease in the quantity demanded for a product, the product is ________, and the value of the income elasticity of demand is ________.
A. a normal good; positive B. a normal good, negative C. an inferior good; positive D. an inferior good; negative
An electricity company has the opportunity to use natural gas to generate electricity at a cost of $30 per unit in 2 years. The current market rate is 4 percent. The present value of this cost is about:
A. $28 B. $29 C. $30 D. $32