The goal of international economic policy cooperation is to allow for greater flexibility in exchange rates

Which of the following represents a problem with using per capita GDP to compare standard of living between less-developed and industrially advanced countries? a. GDP per capita does not take into account differences in population between countries

b. GDP is particularly difficult to measure in industrially advanced countries because a much larger percentage of economic activity occurs outside of officially measured market activity than in less-developed countries. c. GDP per capita will overstate the prevailing standard of living for the average person in countries with extreme levels of income inequality. d. None of the above are correct.

Double taxation means that both

a. the profits of corporations and the dividends shareholders receive are taxed, which is not currently the case in the United States. b. the profits of corporations and the dividends shareholders receive are taxed, which is currently the case in the U.S. c. wage income and employee benefits are taxed, which is not currently the case in the United States. d. wage income and employee benefits are taxed, which is currently the case in the United States.