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.
Wintrobe tube and Westergren tests are used to measure the ESR.
The developing and emerging nations have high rates of population growth
Government Corruption versus GDP per Capita, 2009
economic
economic question
economic question