China has recently been experiencing rapid economic growth, and current Chinese real GDP per capita is
A) roughly equal to real GDP per capita in the United States.
B) still significantly less than real GDP per capita in the United States.
C) on par with real GDP per capita in most high-income countries.
D) still at a level equivalent to real GDP per capita in the poorest countries in the world.
B
Economics
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In the above figure, which point represents an economy which is at the peak part of a business cycle?
A) point F B) point G C) point I D) point K
Economics
Refer to Figure 10-7. Suppose the price of Pilates sessions rise to $30 while income and the price of Yoga sessions remain unchanged. The substitution effect of this price change is represented by the movement from
A) A to B. B) A to C. C) A to D. D) D to B.
Economics