If Real GDP is $6 billion and the population is 300,000, per-capita Real GDP is

A) $30,000.
B) $20,000.
C) $33,333.
D) $39,434.

B

Economics

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Suppose that you prefer reading a book you already own to watching videos and that you prefer watching videos to listening to music. If these are your only three choices, what is the opportunity cost of reading?

a. Watching videos and listening to music b. Watching videos c. Listening to music d. Sleeping e. The price of the book

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U.S. interest payments on the federal debt as a percentage of federal outlays are lower today than in the 1990s

a. True b. False Indicate whether the statement is true or false

Economics