« previous next »

Author Question: The Philippines and Vietnam have roughly the same size population. Suppose the GDP of the ... (Read 92 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
on: Jun 29, 2018
The Philippines and Vietnam have roughly the same size population. Suppose the GDP of the Philippines is 1,000 billion and the GDP of Vietnam is 10,000 billion. You should conclude
 
  A) it is not possible to make a good comparison of the economic well being of a typical individual in the 2 countries without additional information.
  B) a typical person in Vietnam is more than 10 times as well off as the typical person in the Philippines.
  C) a typical person in Vietnam is 10 times as well off as the typical person in the Philippines.
  D) a typical person in Vietnam is less than 10 times as well off as the typical person in the Philippines.

Question 2

Economies where goods and services are traded directly for other goods and services are called ________ economies.
 
  A) barter B) seigniorage C) direct D) trade


blazinlyss

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Three ways that factors affect mortality in response to changes in population density. Three ways that factors affect mortality in response to changes in population density.
Nephroblastoma. A sectioned kidney reveals the presence of a very large tumor, which arose from feta Nephroblastoma. A sectioned kidney reveals the presence of a very large tumor, which arose from feta
Major features of Homo erectus include increased brain size, an angular vault, and cranial superstru Major features of Homo erectus include increased brain size, an angular vault, and cranial superstru
The proboscis monkey demonstrates that large gut size contributes to a lower EQ. The proboscis monkey demonstrates that large gut size contributes to a lower EQ.
Bacteria Population Bacteria Population
Relative size ranges and fluorescent dye labeling colors of 16 STR Relative size ranges and fluorescent dye labeling colors of 16 STR
Video: Angiotensin II - kidneys, adrenal glands and dehydration

For a complete list of videos, visit our video library