Author Question: Which of the following is true about per capita income? A) it is an approximate measure of how ... (Read 76 times)

james9437 · **on:** Jun 30, 2018

Which of the following is true about per capita income?

A) it is an approximate measure of how rich or poor a country is
B) it is the same as income per worker only if everyone in the economy is assumed to work
C) it is the product of TFP and capital per worker only if everyone in the economy is assumed to work
D) all of the above
E) none of the above

Question 2

In the market for loanable funds, the seller is considered to be

A) the lender.
B) the borrower.
C) the lender or the borrower depending upon the use to which the funds are put.
D) the lender or the borrower depending upon whether interest rates are rising or falling.