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Author Question: The per capita real GDP in Sri Lanka is likely to be lower than the United States because Sri ... (Read 45 times)

ericka1

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on: Jun 30, 2018
The per capita real GDP in Sri Lanka is likely to be lower than the United States because Sri Lanka's economy is characterized by:
 a. a more equitable income distribution system.
  b. a high population growth.
  c. a low regard for political freedom.
  d. a higher level of consumption spending.
  e. a high budget deficit.

Question 2

For a given increase in price, a greater elasticity of demand will result in a greater
 a. increase in quantity demanded.
  b. increase in demand.
 c. decrease in quantity demanded.
  d. decrease in demand.


1_Step_At_ATime

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


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