The yardstick most often used to compare living standards is:
a. aggregate demand
b. Gross National Product
c. output per capital
d. international investment
c
You might also like to view...
The desired reserve ratio is 3 percent. Robert deposits $3,000 in Bank America. Bank America keeps its minimum desired reserves and lends the excess to Fredrica. How much does Bank America lend to Fredrica?
A) $3,000 B) $2,910 C) $300 D) $2,700 E) $900
If a firm's economic profit is positive, its accounting profit must also be positive
a. True b. False
According to the graph shown, if the government restricts trade, area G represents:
This graph demonstrates the domestic demand and supply for a good, as well as a quota and the world price
for that good.
A. government tax revenues.
B. deadweight loss.
C. quota rents.
D. transferred surplus.
Gross Domestic Happiness Index compiled by Thailand, is based on polling results about living conditions, income, the environment, social welfare, and employment
Indicate whether the statement is true or false