The income per capita in Baltonia is 64,163 in Baltonian currency. If the price of a basket of goods worth 1 in the U.S. is 5.50 units of Baltonian currency, Baltonia's income per capita in purchasing power parity is:
A) 11,666. B) 10,257.48. C) 2,832. D) 15,624.50.
The price of a given basket of goods in Country 1 is 10 karls. The price of the same basket of goods in Country 2 is 25 ritz and 2 in the U.S. Country 1 has a income per capita of 3,200 karls and Country 2 has a income per capita of 5,500 ritz.
Question 2
If there was a positive technological shock which increased the demand for labor, then
A) imports would increase. B) GDP would decrease.
C) GDP would increase. D) imports would decrease.
The Head Start program was designed to increase the school readiness of low-income children.
Ecosystem goods and services and monetary values
Relationship between Latitude and Income per Capita
Relationship between Income Inequality and the Desired Tax Rate
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
The price of rice in a small country is currently $6 per pound. In order to help low-income ...