Explain the pattern seen between GDP per person and quality of life measures such as life expectancy, literacy, and Internet usage
They are closely associated; countries with high GDP per person have high quality of life measures, while countries with low GDP per person have low quality of life measures
Economics
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The above figure shows the market for pizza. The market is in equilibrium when people's incomes decrease. If pizza is a normal good, then which point represents the most likely new price and quantity?
A) A B) B C) C D) D E) E
Economics
Suppose the interest rate is 4 percent. Which of the following has the greatest present value?
a. $100 today plus $190 one year from today b. $150 today plus $140 one year from today c. $200 today plus $90 one year from today d. $250 today plus $40 one year from today
Economics