Is it possible for a country with a relatively large GDP to have a relatively small per-capita GDP?
A) Yes, since the country with a relatively large GDP could also have a relatively large population.
B) No, since countries with a relatively large GDP (such as the United States and Japan) also have a relatively high per-capita GDP.
C) Yes, but only under the condition that the country "produces" relatively more "bads" than other countries.
D) Yes, since government transfer payments may be exorbitantly high in the country with the relatively high GDP.
E) There is not enough information to answer this question.
A
You might also like to view...
Where Y is GDP, C is consumption, I is investment, G is government purchases, T is net taxes, and there is no international trade, public saving equals:
A. Y - T - C. B. T - G. C. Y +T - G. D. Y - C - T.
Which of the following cases are examples of industries that have potentially increasing costs due to scarce inputs?
A) Petroleum production B) Medical care C) Legal services D) all of the above
The price of peanut butter falls and as a result the demand for jelly increases. We can conclude that: a. peanut butter and jelly are substitutes
b. peanut butter and jelly are complements. c. peanut butter and jelly are inferior goods. d. the marginal value of jelly is greater than the marginal value of peanut butter.
Q TC MC 10 10,000 X 20 25,000 TC is $60,000 VC is $5,500 What is FC? What is X?
What will be an ideal response?