Per capita GDP is
A. The sum of consumer goods, investment goods, government services, and net exports.
B. The dollar value of GDP divided by total population.
C. The value of the factors of production used to produce output in a country.
D. A dollar measure of the economic growth rate of a country.
Answer: B
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If income increases or the price of a complement falls, the
A) demand curve for a normal good shifts leftward. B) demand curve for a normal good shifts rightward. C) supply curve of a normal good shifts leftward. D) supply curve of a normal good shifts rightward.
Common ownership may fail to ensure that harvesting of renewable resources does not exceed the maximum sustainable yield
a. True b. False Indicate whether the statement is true or false
If the Bank of Japan buys yen to prevent the yen from appreciating,
a. it is probably also trying to profit from that operation b. it is probably also trying to maintain an interest rate target c. it is engaging in bilateral arbitrage d. it is engaging in a managed float e. it is wasting its time and effort
Which of the following will cause an increase in aggregate demand within the AS/AD model?
a. a decrease in prices b. a decrease in the real interest rate c. a decrease in consumer optimism as measured by the consumer sentiment index d. a decrease in foreign incomes abroad