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.
Massive amounts of wood are stored on the forest floor of old-growth temperate coniferous forests of
Economic Globalization
Soils support plant growth through ion exchange
Total Solid Waste, MSW per Capita
Student Test Scores versus GDP per Capita
economic question