It is estimated that in 2007, Mexico had a population of 110 million and Brazil had a population of 190 million. At the same time, Mexico's GDP was $1 trillion while Brazil's was $1.31 trillion. These data show that
A) Brazil had a healthier economy than did Mexico.
B) Mexico's GDP per person was lower than was Brazil's GDP per person in 2007.
C) Mexico's GDP per person was $9090 in 2007.
D) Brazil's GDP per person was $5300 in 2007.
C
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An increase in the expected profitability of investment will cause
A) IS to shift right. B) IS to shift left. C) MP to shift upward. D) MP to shift downward.
Improvements in output per worker
A. Depend only on increases in the quality of capital equipment. B. Depend only on increases in the quantity of capital equipment. C. Depend in large part on increases in the quality of capital equipment and the quantity of capital equipment per worker. D. Do not depend on increases in the quantity of capital equipment or the quality of capital equipment.
Among the factors of production are
A. income. B. wages. C. capital. D. all of the above
Income lost by the unemployed is an example of the ________ cost of unemployment, while the additional spending to control crime is an example of the ________ cost of unemployment.
A. psychological; economic B. economic; psychological C. economic; social D. social; psychological