Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Chapter P5, Problem 8KC
To determine
Statement about the
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Subject: Business Economics
8. In 1990 real GDP per capita in the US was $40000. In 2004 real GDP per capita was $80000.What was the average annual growth rate of real GDP per capita in the US during this time?
Question - 1
A) how are rules and governance important to economic Development and growth?
B) how can international aid assist countries with economic development? Can international aid also cause problems?
C) what can be done to Assist development countries?
1. ______________ is a special field of economics which concentrates on the study of countries which are in the process of moving from low levels of income and social progress. A. human development indexB. GDP per capitaC. economic growthD. economic development
2. The following are measures of economic growth except:A. Gross National Product.B. Exchange rateC. Healthy life expectancyD. Interest rate
3. Operating in lean and mean organizational structure signifies:A. Embodied technical progressB. Disembodied technical progress
4. More skilled and computer-relate workforce constitutes:A. Embodied technical progressB. Disembodied technical progress
5. The higher the population of a country:A. The higher it's GDP per capita will often be.B. The lower its GDP per capita will often be C. GDP per capita remains constant.D. Cannot be determined.
6. Innovation and invention signifies: A. Disembodied technical progressB. Embodied technical progress…
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