Per capita real GDP is a questionable indicator of the state of the economy because it does not account for:
a. growth of national income.
b. changes in inflation.
c. income distribution.
d. changes in the size of the population.
e. changes in the level of output.
Question 2
If the elasticity of demand coefficient for a good is 6 (in absolute terms), we know:
a. that for every 1 increase in quantity, there will be a 6 increase in price.
b. that for every 1 increase in quantity, there will be a 6 decrease in price.
c. that for every 6 increase in quantity, there will be a 1 increase in price.
d. that for every 6 increase in quantity, there will be a 1 decrease in price.
An activation barrier, representing the transition state
Comparison of reactions at equilibrium and steady state
Human infants are like all other placental mammals, except they are born at a less developed state.
Are reality shows “real”? Does the media tell the “truth”?
The steady state in enzyme kinetics
Fraction of obese individuals by state in 1998 and 2008. In 1998, 42 states had obesity rates below