GDP per person tells us the income and expenditure of the
a. richest person in the economy.
b. poorest person in the economy.
c. average person in the economy.
d. entire economy.
c
Economics
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Savings-and-loans are now federally insured through the
A) FDIC. B) FSLIC. C) NCUSIF. D) Comptroller of the Currency.
Economics
An outward shift of the production possibilities curve represents
A) economic contraction. B) economic growth. C) economic recession. D) economic inflation.
Economics
The supply schedule shows the relationship between price and quantity supplied
Indicate whether the statement is true or false
Economics
The law of comparative advantage applies to exchange between
a. individuals. b. regions. c. nations. d. all of the above.
Economics