How is poverty measured? What is the extent of poverty in the developing world?
What will be an ideal response?
The concept of absolute poverty is discussed in the text and the progression of absolute poverty in the developing world is shown in Figure 2.6 . If the concept of relative poverty was discussed in the lectures, instructors may look for that distinction in the answer.
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Increases in inventories are subtracted from GDP because they reflect output that is produced but not sold
a. True b. False
A manager is attempting to assess the probability of a recession ending in the next six months and its impact on expected profitability. The manager believes there is a 75 percent chance the recession will end in six months and profits will return to $400 million. However, there is a 25 percent chance the recession will not end in six months, resulting in a $5 million loss. The expected profits over the next six months are:
A. $301.25 million. B. $395 million. C. $405 million. D. $298.75 million.