The World Bank classifies countries as developed or developing on the basis of their:
a. disposable income.
b. disposable income per capita.
c. real income per capita.
d. GNP per capita.
d
Economics
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Sandra's Sweaters' production function is shown in the above table. Sandra rents three knitting machines for $30 a day each and hires workers at a wage rate of $40 a day. If Sandra produces 18 sweaters per day, what is her average total cost?
A) $5.00 B) $6.67 C) $9.44 D) $10.00
Economics
Suppose you purchased 500 shares of stock in 2013 for $15 a share, and the price now is $20 a share. If you sell the stock, then your capital gain is
A) $2500. B) $1000. C) $10000. D) indeterminate without knowing the inflation rate.
Economics