Author Question: Macroeconomics seeks to understand A) product demand, product cost, and profit maximization. B) ... (Read 46 times)

corkyiscool3328 · **on:** Jun 29, 2018

Macroeconomics seeks to understand

A) product demand, product cost, and profit maximization.
B) industry sales, marketing strategies, and corporate growth.
C) public choices, private choices, and consumer maximization.
D) economic growth, business cycles, and inflation.

Question 2

Consider two countries, Alpha and Beta. In Alpha, real GDP per capita is 6,000. In Beta, real GDP per capita is 9,000.

Based on the economic growth model, what would you predict about the growth rates in real GDP per capita across these two countries?
A) The growth rate of real GDP per capita in Alpha and Beta will be the same.
B) The economic growth model makes no predictions regarding differences in growth rates of real GDP per capita across the two countries.
C) The growth rate of real GDP per capita will be lower in Alpha than it is in Beta.
D) The growth rate of real GDP per capita will be higher in Alpha than it is in Beta.