If urbanization in a nation keeps increasing, GDP per capita in the nation is likely to:
A) initially increase then decrease after urbanization reaches a certain threshold.
B) keep decreasing.
C) initially decrease then increase after urbanization reaches a certain threshold.
D) keep increasing.
D
You might also like to view...
How does a self-contained unit benefit a firm?
When the Fed chooses to target the interest rate target, it loses control over targeting the economy's money supply
Indicate whether the statement is true or false
There are two types of markets in which firms face some competition yet are still able to have some control over the prices of their products. Those two types of market are
a. monopolistic competition and oligopoly. b. duopoly and triopoly. c. perfect competition and monopolistic competition. d. duopoly and imperfect competition.
For a given shift in the aggregate demand curve, the flatter the short-run aggregate supply curve, the smaller the increase in real GDP and the larger the increase in the price level
Indicate whether the statement is true or false