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Author Question: The income per capita of Country 1 in a certain year was 1,800 in its own currency while that of ... (Read 84 times)

erika

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on: Jun 30, 2018
The income per capita of Country 1 in a certain year was 1,800 in its own currency while that of Country 2 was 32,000 in its own currency.
  i) If 1 unit of Country 1's currency is worth 6.
 
  5 units of Country 2's currency, which country has a higher income per capita?
  ii) Which country is likely to have a higher Human Development Index and why?

Question 2

What happens if the price of a product is below the equilibrium price?
 
  A) There will be a surplus of the product.
  B) There will be an excess demand for the product.
  C) The buyers will stop purchasing a cheap product.
  D) The producer will lower the price to sell more product.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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Fayaz00962

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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erika

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

TheDev123

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Reply 3 on: Yesterday
Excellent

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