Gross Domestic Product (GDP) per capita is
a. GDP in current dollars
b. GDP adjusted for inflation
c. GDP per person
d. GDP per dollar spent
e. GDP per day
C
Economics
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Assume a monopolist's marginal cost and marginal revenue curves intersect and the demand curve passes above its average total cost curve. The firm will:
a. make an economic profit. b. stay in operation in the short run, but shut down in the long run. c. shut down in the short run. d. lower the price.
Economics
The graph shown demonstrates a tax on buyers. Once the tax has been imposed, the sellers produce ____ units and receive _____ for each one sold
A. 6; $22
B. 6; $34
C. 9; $18
D. 9; $30
Economics