Author Question: Which of the following nations had the lowest growth rate between 1960 and 2011? A) Taiwan B) ... (Read 35 times)

krzymel · **on:** Jun 29, 2018

Which of the following nations had the lowest growth rate between 1960 and 2011?

A) Taiwan
B) Chile
C) Ethiopia
D) South Korea

Question 2

Consider the following simplified sequence of exchanges. A farmer sells wheat to a miller, for 25 cents. The miller grinds the wheat into flour, and sells that to a baker, for 35 cents.

The baker turns the flour into a loaf of bread, which she sells to a grocer for 60 cents. The grocer then sells you the loaf of bread for 85 cents. What can we conclude? A) Your purchase of the bread avoided the use of a middleman.
B) The grocer's profit means you lost on the deal.
C) GDP increases by 25 cents.
D) GDP increases by 85 cents.
E) GDP increases by 2.05.