Per capita income is calculated by
a. income growth – population growth
b. income growth × population growth
c. income growth/population growth
d. income/population
e. income growth + population growth
D
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In the instances where a loan has been issued under certain terms and has to be repaid, what happens when the borrower does not uphold these stipulations?
A) call B) option C) payment D) default E) fraud
NIPA means
A) New Income and Price Accounting. B) National Investment and Productivity Approach. C) Neutral Increase of Production Allocation. D) National Income and Product Accounts.
If a professional association restricts membership and firms cannot employ nonassociation workers, the equilibrium wage will increase
a. True b. False
Suppose Fiona's base consumption equals $1,000 per month when her income is zero. Fiona earns $5,000 per month, and her marginal propensity to consume is 0.8 . If her monthly income increases by $1,500, her total consumption will be _____
a. $8,400 b. $10,000 c. $6,200 d. $4,800