The poorest regions in the world, as measured by GDP per capita, are:
A. Latin America and the Caribbean.
B. the Middle East and North Africa.
C. Sub-Saharan Africa and South Asia.
D. Australia and New Zealand.
Answer: C
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Input-output analysis is commonly used in production decisions
a. True b. False Indicate whether the statement is true or false
Recall the Application about how society will cope with increased demands for entitlement programs to answer the following question(s). This Application addresses the impact of increasing life expectancy and aging populations on the costs of government entitlement programs such as Social Security, Medicare and Medicaid, and examines several possible solutions to the potential problem.According to this Application, in the year 2075, the portion of GDP devoted to spending on Social Security, Medicare and Medicaid is expected to be:
A. significantly less than the share of GDP devoted to these programs today. B. roughly equal to the total amount of GDP today. C. larger than total federal spending's share of GDP today. D. greater than the consumption spending component's share of GDP in 2075.