Author Question: Of the following countries, which had the highest level of GDP per capita in 2014? A) the United ... (Read 93 times)

kshipps · **on:** Jun 29, 2018

Of the following countries, which had the highest level of GDP per capita in 2014?

A) the United States B) Italy C) France D) Japan

Question 2

What are the implications for economic growth for countries specializing in consumer goods rather than capital goods? Assume that they cannot trade what they produce.

What will be an ideal response?

AaaA · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

All else equal, countries that specialize in consumer goods will likely grow less than those that specialize in capital goods, because specializing in capital goods will allow for more goods to be produced in the future.

Difficult: M