GDP per capita can be summarized to be:
A. a measure of average well-being in a country.
B. the best measure of well-being for all citizens inside a country
C. a gauge of the direction an economy when we examine GDP changes over one year.
D. the measure of value of all activity inside a national economy.
Answer: A
You might also like to view...
If the price of product X increases, then the resulting decline in the amount purchased will
A. reduce the marginal utility of the last unit consumed of this good. B. increase the marginal utility of the last unit consumed of this good. C. necessarily increase the consumer's total utility from his total purchases. D. increase the total utility from purchases of this good.
Which figure above shows the effect of a technological advance in the production of pizza?
A) Figure A B) Figure B C) Figure C D) Figure D E) Both Figure A and Figure D
Which of the following is an example of a good produced under monopoly?
A) CDs B) Books C) Aerated drinks D) Patented software
An example of a good that exhibits a negative network externality is:
A. telephones. B. a wireless internet connection. C. Facebook. D. All of these are examples of goods that create negative network externalities.