The per capita real GDP in Sri Lanka is likely to be lower than the United States because Sri Lanka's economy is characterized by:
a. a more equitable income distribution system.
b. a high population growth.
c. a low regard for political freedom.
d. a higher level of consumption spending.
e. a high budget deficit.
Question 2
For a given increase in price, a greater elasticity of demand will result in a greater
a. increase in quantity demanded.
b. increase in demand.
c. decrease in quantity demanded.
d. decrease in demand.
Bones of the lower extremities.
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