GDP per capita:
A. tells us how much is produced per person in an economy.
B. paints a clearer picture of how thin the output is spread across a population.
C. is calculated by dividing GDP by the population size of the economy.
D. All of these statements are true.
Answer: D
You might also like to view...
What is the Herfindahl-Hirschman index?
What will be an ideal response?
Which of the following public policies is an example of a price ceiling?
A. Support prices for agricultural commodities B Minimum wage laws C Rent control program D all of the above
Refer to the information provided in Figure 10.3 below to answer the question(s) that follow. 
Figure 10.3 Refer to Figure 10.3. If labor supply is given by S1 and the firm is using K1 units of capital, this firm should hire ________ units of labor to maximize profit.
A. I0 B. I1 C. I2 D. I3
Use the following figure showing the domestic demand and supply curves for product B in a hypothetical economy to answer the next question.
After trade, at a world price of Pw, the net gain of total economic surplus equals area(s)
A. B + C + E + F. B. B + C. C. A. D. E + F.