The yardstick most often used to compare living standards across nations is

a. average production cost per unit
b. sales revenue per month
c. utility per capita
d. output per capita
e. imports per year

D

Economics

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Which of the following is NOT a final good?

A) a new computer sold to an NYU student B) a new car sold to Avis for use in their fleet of rental cars C) a purse sold to a foreign visitor D) a hot dog sold to a spectator at a Chicago Bears football game

Economics

The historical record for the United States for the past 100 years shows

A) growth in real GDP per person during most years. B) economic growth for about half the years and economic decline for the other half. C) growth until 1970 and then a period of constant per person real GDP. D) continuous economic growth, although at different rates, throughout the entire century.

Economics