Author Question: Over the past fifty years, there has been substantial closure of the gap in real GDP per person ... (Read 41 times)

saliriagwu · **on:** Jun 29, 2018

Over the past fifty years, there has been substantial closure of the gap in real GDP per person between which of the following groups of countries?

A) the United States and Central and South America
B) Africa and Western Europe
C) Central and South America and Africa
D) the United States and Japan

Question 2

Gross private domestic investment is all purchases of newly produced business capital goods and buildings

A) minus the change in business inventories.
B) plus the change in business inventories plus residential construction.
C) plus fixed investment minus inventory investment.
D) plus purchases of capital goods produced in previous years to replace any depreciated capital goods.