The output per capita of a country is equal to _____

a. its population divided by its GDP
b. its GDP divided by its population
c. its population divided by its GNP
d. its GNP divided by its population
e. its GDP divided by the total value of capital available

b

Economics

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Estate and gift taxes account for a very small portion of total tax revenues collected by the federal government because taxes are levied only on large estates

Indicate whether the statement is true or false

Economics

Which component of federal spending is included in GDP?

A. net exports B. transfer payments C. government purchases D. capital supply

Economics