An increase in per capita income will generally lead to
a. more material goods, but a decline in the quality of the environment.
b. a reduction in life expectancy because working conditions are less desirable.
c. an increase in the number of hours worked by residents.
d. an increase in the living standards of most people.
D
Economics
You might also like to view...
As Reba consumes four slices of pizza, her total utility rises from 0 to 18, to 24, to 28, and to 30, respectively. What is her marginal utility of the fourth slice of pizza?
a. 28 b. 24 c. 2 d. 7 e. 8
Economics
If you're interested in measuring changes in people's standards of living, the most appropriate measure to use is the growth in the nation's
a. nominal GDP b. real GDP c. capital-output ratio d. capital stock e. employment
Economics