Which of the following countries had the highest GDP per capita in 2014?

A) Norway B) United States C) Japan D) Qatar

D

Economics

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If hot dog vendors at baseball games want to maximize their total sales revenue, they will have to

A) be willing to experience reduced hot dog expenditure by baseball fans. B) set the price of their hot dogs so that the demand is unit elastic. C) sell as many hot dogs as they can, even if it means lowering price. D) raise their price, even if it means selling fewer hot dogs.

Economics

Answer the following statements true (T) or false (F)

1. The terms "economic investment" and "financial investment" can be used synonymously. 2.The "time value" of money is based on the fact that prices may increase over time. 3. The compound interest formula states that if X dollars is invested today at an interest rate i and allowed to grow for t years, it will become X(1 + i)(t) dollars in t years. 4.You deposit $5,000 into a 10-year bank CD that pays 6.5% annual compound interest rate. When the CD matures in 10 years, you will get more than $9,000 from it. 5.After 4 years, a $5,000-investment earning 6% annual interest rate will be worth more than a $6,000-investment earning 1% annual interest

Economics