Suppose that the per capita GDP for Japan in 2019 was $48,500 and in 2020 was $49,470. How much did the Japanese per capita GDP grow between 2019 and 2020?
A. 3 percent
B. -2 percent
C. 2 percent
D. Cannot be determined without further information
Answer: C
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Based on the textbook application, in the United Kingdom,
a. there are no official air quality standards b. limit values are defined for some of the same pollutants covered by the U.S. NAAQS c. standards for pollutant levels are set to be equivalent to those in the United States d. none of the above
The Employment Act of 1946, which sets up the Council of Economic Advisers,
(a) was the final legislation of the New Deal. (b) grew out of the War Manpower Board's experience. (c) grew out of financial negotiations with Britain. (d) was the product of New Deal experience with fiscal policy.
A sunk cost:
A. causes a decision maker to choose to pursue less of an activity. B. causes a decision maker to choose to pursue more of an activity. C. increases the marginal cost of an activity. D. has no effect on a decision maker's best choice.
Refer to the given data. If the prices of labor and capital are $9 and $15 respectively, at the profit-maximizing level of output, the firm's total revenue will be:
A. $114.
B. $180.
C. $129.
D. $192.