In India last year, the growth rate of real GDP was 3.5 percent and the population grew from 1,000 million people to 1,100 million. Real GDP per person
A) increased by 13.5 percent.
B) decreased by 6.5 percent.
C) increased by 6.5 percent.
D) decreased by 13.5 percent.
E) increased by 3.5 percent.
B
Economics
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Which of the following is an example of an intermediate good as counted in GDP?
A. a drill used by a professional carpenter B. a computer owned by Amazon that processes orders C. lumber used in the construction of a new home D. a delivery truck owned by FedEx
Economics
Refer to Figure 3-1. An increase in the price of the product would be represented by a movement from
A) A to B. B) B to A. C) D1 to D2. D) D2 to D1.
Economics