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Author Question: The income per capita of two neighboring countries for a particular year were equal. However, ... (Read 42 times)

asd123

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on: Jun 30, 2018
The income per capita of two neighboring countries for a particular year were equal. However, Country 1 had a higher income per worker than Country 2. Which of the following is likely to be true?
 
  A) The number of people unemployed is lower in Country 1 than in Country 2.
  B) The number of children aged below 15 is higher in Country 2 than in Country 1.
  C) The number of retired people is higher in Country 2 than in Country 1.
  D) The number of people employed is higher in Country 2 than in Country 1.

Question 2

The sum of all budget deficits and surpluses is known as the
 
  A) government expenditure. B) budget balance.
  C) fiscal year. D) government debt.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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blazinlyss

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


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