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.
Elrathia kingii growth series with holaspids ranging from 16.2 mm to 39.8 mm in length
Glossary of Basic Ayurvedic Terms
Value of Work versus GDP per Capita
The Economic Way of Thinking
economic question
The development and maintenance of malignant growth