GDP per capita provides a reasonably accurate measurement of a country's income distribution
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Real GDP per person in both Alpha and Omega is equal to $2,000. Over the next 100 years, real GDP per person grows at a 1.5 percent annual rate in Alpha and at a 2.5 percent annual rate in Omega. After 100 years, real GDP per person in Alpha is ________ smaller than real GDP per person in Omega.
A. $5,410 B. $2,000 C. $8,864 D. $14,763
Economics
The shape of the short run aggregate supply curve is generally believed to be
a) a decreasing function of the price level b) an increasing function of the interest rate c) an increasing function of the price level d) vertical e) backward-bending
Economics