The government of China has explicitly stated that the goal of its strict population control measures is to raise income per capita. What are the mechanisms at work in such a claimed relationship? Are there any counterarguments?

The Consumer Price Index (CPI) differs from a chain-weighted price index in that the CPI

A) compares the prices of all goods in one year to the prices of all goods in other years. B) measures the costs of a typical fixed basket of goods over time, while the chain-weighted index does not. C) requires calculation of GDP, while the chain-weighted index does not. D) allows for the goods consumed in an economy to change over time, while the chain-weighted index does not.

One disadvantage of commodity money is that

A) it cannot be readily converted to gold. B) its quantity can fluctuate erratically C) its value does not change. D) it has no value apart from its use as money.