Which of the following is NOT among the 10 richest nations in per capita gross national income?
a. Switzerland
b. Denmark
c. Finland
d. Germany
e. Netherlands
Question 2
How is the per capita gross national income calculated?
a. It is the total amount of goods produced and sold minus the amount of goods and services imported.
b. It is the total amount of goods produced plus the amount of goods exported.
c. It subtracts the amount of exports and imports from the national total production and divides this by thenumber of citizens.
d. It adds the total amount of goods or services exported to the amount imported and divides this by the totalincome of the population.
e. It adds the total amount of output or production of goods and services to the amount of income of residentsand divides this by the total population.
Elk at the Opal terrace at Mammoth Hot Springs, Yellowstone National Park
Effect of an Exogenous Shift in Income
The price of rice in a small country is currently $6 per pound. In order to help low-income ...