Which of the following is accounted for when we measure economic growth in terms of per capita real GDP?
a. Changes in the quality of life
b. Changes in income distribution
c. Changes in standards of living
d. Changes in price level
e. People's nonmonetary needs
Question 2
If the elasticity of demand coefficient for a good is one-sixth (in absolute terms), we know:
a. that for every 1 increase in quantity, there will be a 6 increase in price.
b. that for every 1 increase in quantity, there will be a 6 decrease in price.
c. that for every 6 increase in quantity, there will be a 1 increase in price.
d. that for every 6 increase in quantity, there will be a 1 decrease in price.
Population growth in India, China, Africa, and other countries in the developing world
Growth Forecast from The Limits To Growth
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
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