India and China both have very _____ per capita GDPs compared to the United States.
Fill in the blank(s) with the appropriate word(s).
low
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The change in aggregate expenditures resulting from a movement in the domestic price level, which in turn changes the price of domestic goods in relation to foreign goods, is known as the:
a. international trade effect. b. multilateral equilibrium condition. c. international exchange rate effect. d. magnified international pricing effect. e. international deficit effect.
When the Fed increases the money supply, we expect
a. interest rates and stock prices to rise. b. interest rates and stock prices to fall. c. interest rates to rise and stock prices to fall. d. interest rates to fall and stock prices to rise.
In a barter system people:
A. have to specialize in order to have goods to trade. B. must be self-sufficient. C. cannot specialize because they never know what goods will be desired. D. are less likely to specialize as extensively as they would in a monetary economy.
A rise in net exports shifts the aggregate
a. demand curve inward. b. demand curve outward. c. supply curve outward. d. supply curve inward.