Refer to the scenario above. What will be the GDP per capita of country B at the beginning of year 2012?
A) $2,555.15 B) $28,82.85 C) $2,450.65 D) $2,646
D
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The shape of the average total cost curve is determined by the shape of
A) the firm's production function. B) the average fixed cost curve. C) the marginal cost curve. D) the average product curve.
Suppose you buy a new Tesla Model S. The battery that comes with the car is a(n)
A. intermediate good. B. financial good. C. final good. D. transfer good.
If per capita real income grows by 2 percent per year, then it will double in approximately 20 years
a. True b. False Indicate whether the statement is true or false
Which of the following statements is correct about the relationship between inflation and interest rates?
a. There is no relationship between inflation and interest rates. b. The interest rate is determined by the rate of inflation. c. In order to fully understand inflation, we need to know how to correct for the effects of interest rates. d. In order to fully understand interest rates, we need to know how to correct for the effects of inflation.