Which among the following countries had the highest GDP per person in 2011?
A.
Mexico
B.
India
C.
Russia
D.
China
C.
Russia
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Which of the following industries would be considered to have a labor intensive production process?
A. Farming in a rich country B. Working in a factory. C. Driving a cab. D. Writing a novel
Juan purchases automobile insurance; the insurance contract is a:
A. financial instrument. B. financial intermediary. C. transfer of risk from the insurance company to Juan. D. form of money.
Oil and alternative sources of energy such as wind and solar are
A. Complementary goods. B. Income-elastic goods. C. Substitute goods. D. Inferior goods.
The ________ is a measure of the price level and is calculated by dividing ________ by ________ and multiplying by 100
A) CPI; real GDP; nominal GDP B) GDP deflator; real GDP; nominal GDP C) GDP deflator; nominal GDP; real GDP D) PPI; nominal GDP; real GDP E) PPI; real GDP; nominal GDP