Real GDP per capita is real GDP divided by the number of workers in a country.
Answer the following statement true (T) or false (F)
False
Real GDP per capita is real GDP divided by the number of people in a country.
You might also like to view...
In the United States, regulations on mobile sources
a. are imposed only at the state and local levels of government b. are outlined in Title II of the CAAA of 1990 c. are solely market-based d. impose controls on vehicles only, with no regulations on fuels
Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. April's opportunity cost of painting one kite is painting
A) 1/12 of a snowboard. B) 1/4 of a snowboard. C) 3 snowboards. D) 4 snowboards.
If a negative externality exists, then there is a __________ when society produces the market output instead of the socially optimal output. This exists because the __________ to sellers and third parties are __________ the __________ derived by buyers.
A. net social benefit; costs; greater than; benefits B. net social cost; benefits; less than; costs C. net social cost; costs; greater than; benefits D. net social cost; costs; less than; benefits E. none of the above
The movements of real GDP and inflation during the 1973-1975 recession can be best explained by a:
a. rightward shift of the aggregate demand curve. b. leftward shift of the aggregate demand curve. c. rightward shift of the aggregate supply curve. d. leftward shift of the aggregate supply curve.