Which of the following should be used to compare the incomes of countries with huge differences in cost of living?
A) Gross national product
B) Exchange rate-based measure of income per capita
C) Income per working age population
D) PPP-based measure of income per capita
D
Economics
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The gap between real GDP per person in the United States and South America has been narrowing since 1980
Indicate whether the statement is true or false
Economics
Many Democrats support raising the U.S. minimum wage. Critics of raising the minimum wage argue that minimum-wage laws are
a. too expensive for local governments to fund. b. too expensive for local governments to administer. c. imprecise in their ability to help the working poor. d. easy for businesses to pay.
Economics