Suppose that in 2015 a country has a population of 1 million and real GDP of $1 billion. In 2016, the population is 1.1 million and the real GDP is $1.1 billion. The real GDP per person growth rate is
A) $1000.
B) positive.
C) negative.
D) zero.
D
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What is the social interest theory of regulation? How does it differ from the capture theory of regulation?
What will be an ideal response?
The inauguration of a new President often increases the degree of optimism in foreign business firms and foreign households, causing net exports to
A) decrease and IS to shift right. B) decrease and IS to shift left. C) increase and IS to shift right. D) increase and IS to shift left.
A fully-funded system
A. never needs to run a surplus. B. has current retirees being paid out of the taxes of current workers and has a sufficient amount of money on hand currently to pay out all future obligations. C. has current retirees being paid out of the taxes of current workers. D. has a sufficient amount of money on hand currently to pay out all future obligations.
Suppliers with a high supply elasticity will bear a ________ tax incidence, while suppliers with a low supply elasticity will bear a ________ tax incidence
A) lower; higher B) higher; lower C) lower or no; higher or full D) A and C