If a country has a high level of income, it:
A. must be rapidly increasing its GDP per capita.
B. must have a high level of income.
C. must have an equitable distribution of wealth.
D. All of these are true.
A. must be rapidly increasing its GDP per capita.
Economics
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The market allocates goods to individuals according to the individuals'
a. desire for the good. b. ability to pay for the good. c. desire and ability to pay for the good. d. political influence.
Economics
Carol Anne makes candles. If she charges $20 for each candle, her total revenue will be
a. $1,000 if she sells 100 candles. b. $500 if she sells 25 candles. c. $20 regardless of how many candles she sells. d. $200 if she sells 5 candles.
Economics