During 2014, the country of Economia had a real GDP of $115 billion and the population was 0.9 billion. In 2013, real GDP was 105 billion and the population was 0.85 billion. In 2013, real GDP per person was

A) $128.
B) $124.
C) $135.
D) $117.

B

Economics

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When income effects are small:

A. there is no difference between the uncompensated demand curve and the uncompensated demand curve. B. the uncompensated demand curve will be relatively far from the compensated demand curve. C. the compensated demand curve will intersect the uncompensated demand curve. D. the uncompensated demand curve lies close to the compensated demand curve.

Economics

The view Dambisa Moyo promotes in her book "Dead Aid" is:

A. so much corruption and embezzlement exists around aid money, it causes more disruption and inefficiency than it helps. B. the intended recipients of the money rarely receive it and, when they do, oftentimes don't know how to use it efficiently to actually progress. C. aid distorts the marketplace, actually hurting local economies. D. None of these statements is true.

Economics