Refer to the above table. Which country had the largest increase in per capita real GDP between 2014 and 2015?
A) A B) B C) C D) D
C
You might also like to view...
Instead of taking the dirty laundry with you when you go back to visit your parents, you use a Laundromat. Your use of the Laundromat means that
A) GDP will remain the same. B) GDP will decrease and the country's standard of living will fall. C) what you paid for use of the Laundromat will be included in GDP. D) real GDP does not change because the clothes are still being laundered but nominal GDP rises since you are now paying for the service. E) your parents' contribution to GDP will increase.
A reduction in net exports, all other things unchanged
A. results in a movement up along the aggregate demand curve. B. reduces aggregate supply. C. reduces aggregate demand. D. does not change aggregate demand or aggregate supply in the domestic economy.
In a perfectly competitive market, when the price is below the minimum average total cost for all firms:
A. economic profits will be equal to zero. B. the price will eventually rise once enough firms have left the market. C. firms will likely enter the market. D. accounting profits will be positive.
If inflation increases unexpectedly, then
A) borrowers pay a higher real interest rate than they expected. B) lenders receive a lower real interest rate than they expected. C) lenders gain and borrowers gain. D) neither borrowers nor lenders lose.