According to the information, Japan's real GDP per person
A) is higher than Brazil's and therefore we can definitely conclude that economic well-being is higher in Japan.
B) is $33,000.
C) is lower than Brazil's, but its real GDP is higher which makes standard of living higher in Japan.
D) cannot be expected to change much given the other factors affecting GDP growth including political freedom and life expectancy.
B
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The basis for international trade is
a. established trade patterns b. the size of gold holdings of two countries c. shipping and transportation costs d. absolute advantage e. comparative advantage
How does the aggregate-demand curve shift when increased uncertainty and pessimism about the future of the economy lead firms to desire less investment spending?
a. The curve shifts to the right. b. The curve shifts to the left. c. The curve does not shift at all. d. The curve first shifts to the right and then shifts to the left.
A major problem with countries setting fixed exchange rates for their currencies is
A. The foreign exchange reserves of participating countries will always be depleted. B. Some participating countries are likely to experience continuing balance-of-payments deficits. C. The fixed rate will have to be maintained by currency market intervention. D. Import and export prices will probably become more unstable.
If a bank pays 12% interest, and that bond has a selling price of $1,200 and a face value of $1,000, how much interest does it pay?
What will be an ideal response?