If a nation's real GDP increases from 100 billion to 106 billion and its population jumps from 200 million to 212 million, its real GDP per capita will
A. fall by 6%.
B. remain constant.
C. fall by 12%.
D. rise by 6%.
Answer: B
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If interest rates are lowered
A. people are more likely to save their money in banks. B. people are not affected by interest rates being lowered, only when interest rates are raised. C. entrepreneurs are more likely to expand a business by borrowing money. D. entrepreneurs are less likely to borrow money.
If demand increases and supply decreases, but supply decreases more than demand increases,
a. equilibrium price will fall. b. equilibrium quantity will fall. c. quantity sold will increase. d. the quantities of both demand and supply will increase.
The social well-being of a country
A. Is best measured by per capita GDP. B. Is measured by more than changes in real GDP. C. Always increases when real GDP increases. D. Decreases when real GDP decreases.
Which of the following is among the policies that the Chinese government has implemented since 2006?
A. Reducing the restrictions on foreign acquisitions of Chinese publicly traded companies. B. Phasing out many of the tax incentives which were initially provided to the foreign firms. C. Emphasizing the quantity of investments of inbound FDI. D. Engaging in "bidding wars" with other countries to attract foreign direct investment (FDI).