Author Question: Which of the following affect the growth in real GDP per capita? a. the total production of final ... (Read 50 times)

savannahhooper · **on:** Jun 30, 2018

Which of the following affect the growth in real GDP per capita?
a. the total production of final goods in the economy.
b. the population.
c. the production of final services in the economy.
d. all of the above

Question 2

A world-renowned brain surgeon can type twice as fast as her secretarial assistant. Which of the following statements is true in this situation?
a. The secretary has an absolute advantage in typing.
b. The surgeon should do her own typing to save money.
c. The surgeon should fire the assistant and work weekends and evenings to stay up on her typing.
d. The surgeon should spend her time doing brain surgery and allow her secretary to do the typing because the secretary has a comparative advantage in typing.
e. The surgeon should spend her time doing brain surgery and allow her secretary to do the typing because the surgeon has a comparative advantage in typing.