Over the period from 1950 to 2010, which country experienced the fastest average annual growth rate of real GDP per person?
A. United States
B. China
C. Japan
D. Canada
Answer: B
Economics
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When diminishing returns set in, total output begins to decrease
Indicate whether the statement is true or false
Economics
If the demand for labor decreases and the supply of labor is unchanged, then the opportunity cost of leisure will decrease
a. True b. False Indicate whether the statement is true or false
Economics
Figure 10-9
?
Figure 10-9 describes which of the following periods in the United States?
A. 1930s B. 1973–1975 C. late 1990s D. 2007–2009
Economics
In the standard unemployment rate, discouraged workers are counted as:
A. part of the labor force. B. employed. C. unemployed. D. part of the population over 16.
Economics