If the population increase in India is smaller than the increase in Indian real GDP, then GDP per capita will
a. decrease.
b. increase.
c. remain constant.
d. increase more slowly than real GDP.
b
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Economic theory is most useful in explaining the operation of social systems
A) aimed at making a living. B) directed toward the satisfaction of material wants. C) in the world of business and finance. D) in which participants characteristically don't know one another personally. E) in which people pursue selfish interests.
Which of the following would increase the net export component of U.S. GDP?
A. A bottle of French wine is purchased in New York B. A bottle of California wine is purchased in London C. A car produced in Michigan is purchased in Louisiana D. A car produced in Japan is purchased in California
Use the following graph to answer the next question.
Assume that Japan and the United States are engaged in a system of flexible exchange rates. If more Japanese tourists decide to visit the United States for their vacations, the yen will ________ and the U.S. dollar will ________.
A. depreciate; depreciate B. depreciate; appreciate C. appreciate; depreciate D. appreciate; appreciate
Over the last three decades the "college premium" has ________ because of ________.
A. increased; technological advances B. decreased; technological advances C. increased; racial and gender discrimination D. decreased; laws that prohibit discrimination