Since countries differ in the amount of economic activity that is transacted in organized markets,
a. some countries are more productive than others.
b. persons live better in some countries than others.
c. international comparisons of per capita GDP are often misleading.
d. comparisons between countries are totally impossible.
c
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Which of the following will lead to a decrease in the gross domestic product of a country?
A) An increase in the expenditure on investment B) An increase in exports C) A decrease in the expenditure incurred by the government D) A decrease in imports
Lowering the discount rate will
A) increase reserves, encourage banks to make more loans, and increase the money supply. B) decrease reserves, encourage banks to make fewer loans, and increase the money supply. C) decrease reserves, encourage banks to make fewer loans, and decrease the money supply. D) increase reserves, encourage banks to make more loans, and decrease the money supply.