Measured in 1990 dollars, the GDP per person of the world was $667 in 1820 . By 2003, the world's income per person had risen to
a. nearly $1200, almost twice the level of 1820.
b. $2,422, almost four times the level of 1820.
c. a little more than $3,600, approximately six times the level of 1820.
d. $6,516, nearly ten times the level of 1820.
D
You might also like to view...
Gross domestic product measures the ________ value of ________ goods and services produced during a ________ time period
A) inherent; market; fixed B) final; intermediate; stable C) intermediate; final; constant D) market; final; given
Assume an industry initially in equilibrium has a price floor imposed at a price above the equilibrium price. Total revenue received by the producers from sales will: a. rise as a result
b. rise as a result only if supply is elastic. c. rise as a result only if demand is elastic. d. rise as a result only if demand is inelastic.