A nation's real GDP was $250 billion in 2013 and $265 billion in 2014. Its population was 120 million in 2013 and 125 million in 2014. What is its real GDP per capita in 2014?

Tying salaries of top managers to the profits of the firm is a way to reduce the effect of the principal-agent problem

Indicate whether the statement is true or false

How can nations fix their exchange rates?

a. Either by imposing strict exchange controls or by setting interest rates at the same level as the country with which they want to fix the exchange rate. b. Either by imposing strict exchange controls or by keeping inflation at the same rate as the country with which they want to fix the exchange rate. c. Nominal exchange rates cannot be fixed. d. Either by imposing strict exchange controls or by obligating the central bank to intervene in the foreign exchange market to keep the exchange rate at its chosen rate. e. Either by keeping inflation at the same rate or by setting interest rates at the same level as the country with which they want to fix the exchange rate.