Which of the following statements about GDP is true?
a. The value of GDP per capita of an economy does not reflect the equality of distribution of income among the population in the economy.
b. The value of GDP per capita of an economy reflects the equality of distribution of income among the population in the economy.
c. A high level of GDP in an economy states that the standard of living of the people in the economy is also high.
d. As GDP per capita rises, the gap between the incomes of the top 5 percent of the population and the bottom 5 percent necessarily decreases.
a
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Which of the following factors is not part of the current account (CA) of a country?
a) exports and imports b) income payments and receipts c) unilateral transfers d) purchase of foreign stocks
If two commodities are perfect complements, the indifference curve is a straight line
a. True b. False Indicate whether the statement is true or false