If a country's population growth rate exceeds the growth rate in its GDP, which of the following is true?
a. Per capita GDP is rising.
b. Per capita GDP is not changing.
c. Per capita GDP is falling.
d. None of the above.
c
Economics
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Is PPP a theory of exchange rate determination? Explain why or why not?
What will be an ideal response?
Economics
Suppose an investor with state-independent tastes is offered the choice between investment A and investment B. Investment A offers profit of $2,000 with probability 0.4, $4,000 with probability 0.2 and $6,000 with probability 0.4. Investment B offers profit of $2,000 with probability of 0.5 and $6,000 with probability 0.5. If the investor is risk averse, he will choose investment A.
Answer the following statement true (T) or false (F)
Economics