Per capita income is calculated as:
a. national income divided by number of households.
b. national income divided by number of people.
c. number of households divided by national income.
d. number of people divided by national income.
e. number of people divided by domestic income.
b
You might also like to view...
Refer to Figure 15-11. Suppose the local government imposes a $2.50 per month tax on cable companies. What happens to the price charged by the cable company following the imposition of this tax?
A) The price rises from PM but it increases by an amount greater than $2.50 to reflect the monopoly's markup. B) The price remains at PM. C) The price rises from PM but it increases by an amount less than $2.50. D) The price rises from PM to (PM + $2.50).
The fact that Alice spends no money on travel:
A) implies that she does not derive any satisfaction from travel. B) implies that she is at a corner solution. C) implies that her MRS does not equal the price ratio. D) any of the above are possible.