Does low human capital cause poverty or does poverty cause low human capital?
A. The causality works both ways.
B. Poverty causes low human capital, not the other way around.
C. There is no causal link between low human capital and poverty.
D. Low human capital causes poverty, not the other way around.
Answer: A
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Refer to Exhibit 6-1. Prices rose by __________ percent from Year 1 to Year 2.
a. 1.38 b. 0.14 c. 1.29 d. 1.94 e. 3.00
Carl's Computer Center sells computers to business firms. Businesses then use the computers to produce other goods and services. Over the past year, sales representatives were paid $3.5 million, $0.5 million went for rent on the building, $0.5 million went for taxes, $0.5 million was profit for Carl, and $10 million was paid for computers at the wholesale level. What was the firm's total contribution to GDP?
What will be an ideal response?