In 2000 . the real GDP for Malaysia was 93.15 trillion ringgit (MYR) and the population size was 20.5 million, then per capita real GDP for the year was approximately equal to _____
a. MYR 4.54 million
b. MYR 45.9 million
c. MYR 1,909.5 million
d. MYR 191 million
e. MYR 9,315 million
a
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According to the equation of exchange, if the amount of money in an economy multiplied by the velocity of money equals 800 million dollars, then this economy's: a. real GDP equals $800 million
b. nominal GDP equals $800 million. c. real GDP equals $800 million times the price level. d. nominal GDP equals $800 million times the price level. e. price level equals $800.
Affirmative action laws require employers to hire specified numbers of minorities.
Answer the following statement true (T) or false (F)
Refer to the figure below, which shows marginal benefits (MB) and marginal cost (MC) of activity A:
If the decision maker is choosing 300 units of activity A,
A. if the activity is increased by one unit, net benefits will increase by $20. B. if the activity is decreased by one unit, net benefits will decrease by $20. C. this level maximizes net benefits. D. both b and c E. all of the above
The TPP incorporates labor standards directly rather than as a side agreement
Indicate whether the statement is true or false