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.
Race-Ethnicity and Income Extremes
Simultaneous Determination of Income and Modernization
Saving Rates by Income Quintile, 2003
Lone-parent household income and the degree of vulnerability
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...