Investment is considered to be negatively correlated with current real GDP
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Suppose two countries have per capita real GDP of $20,000 in 2012. Country A has a growth rate of 4 percent and Country B has a growth rate of 5 percent. By 2015, the per capita real GDPs for the two countries, respectively, are (rounded)
A) $21,630 and $22,050. B) $22,400 and $23,000. C) $22,500 and $23,150. D) $25,000 and $26,500.
Economics
Graphically, a firm's profit is the area of marginal revenue minus the area of marginal cost
a. True b. False Indicate whether the statement is true or false
Economics