If real GDP grows at a rate of 6 percent and population grows at a rate of 2 percent, then real GDP per person grows at a rate of
A) -3 percent. B) 8 percent. C) 2 percent. D) 4 percent. E) 0.5 percent.
D
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Why might incomes of $1 a day and $2 a day underestimate the value of the goods and services that these households actually consume?
What will be an ideal response?
Migration of educated individuals from developing- to developed countries is referred to as the
a. survival of the fittest b. demographic transition c. disguised unemployment d. brain drain e. none of the above
Keynes's theory of the demand for money is consistent with ________ movements in ________
A) countercyclical; velocity B) procyclical; velocity C) countercyclical; expectations D) procyclical; expectations
Cooperative equilibriums:
A. are impossible to reach in real life. B. never occur unless players act in their own self-interest. C. never result in positive-positive outcomes. D. can arise if a game is repeated.