Historically, real income per person: Multiple Choice barely changed at all until the 1800s but began...
Historically, real income per person:
Multiple Choice
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barely changed at all until the 1800s but began to increase after.
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barely changed at all until the 1500s but began to increase after.
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has steadily increased at an average rate of 2 percent
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has barely changed at all worldwide.
Homework Answers
Ans) the correct option is a) barely changed at all until the 1800s but began to increase after.
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Historically, real income per person:
Multiple Choice
barely changed at all until the 1800s but began...
The following table reports real income per person for several different economies in the years 1960...
The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income per person in the Central African Republic was $1,010 in 1960, and it actually declined to $628 by 2010. The Central African Republic's average annual growth rate during this period was -0.95%, and it was the poorest economy in the table in the year 2010. The...
1. Economic growth around the world The following table reports real income per person for several...
1. Economic growth around the world The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income per person in Niger was $945 in 1960, and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was -1.01%, and it was the poorest economy in the table in the year 2010. The...
1. Economic growth around the world The following table reports real income per person for several...
1. Economic growth around the world The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income ir person in Niger was $945 in 1960, and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was -1.01%, and it was the poorest economy in the table in the year 2010. The...
1. Suppose that in 2016 real GDP per person in Greenfield was $35,215. In 2015, real...
1. Suppose that in 2016 real GDP per person in Greenfield was $35,215. In 2015, real GDP per person in Greenfield was $34,560. What was the growth rate of real GDP per person in Greenfield for 2016? A. less than 2.0 percent B. more than 2.0 percent but less than 2.3 percent C more than 2.3 percent but less than 2.6 percent D. more than 2.6 percent but less than 2.9 percent E. more than 2.9 percent 2. Which of...
Question 16(Multiple Choice Worth 1 points) In an economy with a horizontal aggregate supply curve, a...
Question 16(Multiple Choice Worth 1 points) In an economy with a horizontal aggregate supply curve, a decrease in taxes will affect price level and employment in which of the following ways? Price Level / Employment Decrease / Increase Increase / Increase Increase / Decrease Increase / No Change No Change / Decrease No Change / Increase Question 17(Multiple Choice Worth 1 points) If personal income taxes are increased, we can expect that the short-run Phillips curve will shift left. the...
Answer the following multiple choice questions. Rational behavior implies that a. a person recognizes the real...
Answer the following multiple choice questions. Rational behavior implies that a. a person recognizes the real cost of acquiring or doing something. b. a person will choose among preferences so as to maximize his or her satisfaction. c. a person can rank preferences. d. a person has preferences and can identify them. e. All of the above. In extremely large groups (like that of country or a state), tough bosses (leaders) can help overcome all but the following problems. a....
2)GDP per capita: a)is an average income per person in an economy. b)tells us about how...
2)GDP per capita: a)is an average income per person in an economy. b)tells us about how the output is allocated in an economy. c)tells us about what you can buy with a given amount of money in that country. d)All of these statements are true. 10) Inventory is the stock of goods that a company: Multiple Choice a)produces now but has contractually already sold it. b)produces this year, but keeps to sell them next year. c)produced last year, but had...
please answer all 4 multiple choice questions What measures the total cost of financing for a...
please
answer all 4 multiple choice questions
What measures the total cost of financing for a firm in percentage terms? Weighted average cost of capital Firm financing rate Discount rate Cost of internal common equity After-tax cost of financing 5 points What is the present value of $400 to be received at the beginning of each year for four years if the discount rate is 10%. Remember, the payments will be received at the beginning of each year (annuity due)....
Question 20(Multiple Choice Worth 1 points) If nominal interest rate equals 12 percent and inflation is...
Question 20(Multiple Choice Worth 1 points) If nominal interest rate equals 12 percent and inflation is 4 percent, then nominal and real interest rates are respectively 12 percent and 8 percent. 12 percent and 16 percent. 16 percent and 8 percent. 16 percent and 12 percent. 8 percent and 4 percent. Question 21(Multiple Choice Worth 1 points) If the workforce is paid more frequently, then real output will decrease. the money supply will increase. price level will decrease. velocity of...
please answer all question below 16. Suppose your annual income was $32,000 in 1998, and 33000...
please answer all question below
16. Suppose your annual income was $32,000 in 1998, and 33000 in 1999. If the 1998 CPI is 160 and 1999 CPI is 165, then you real income has: G. Gone up by 3% H. Not changed I. Declined by 5% J. Increased by 10% 13. If the CPI ignores product quality improvements, then the CPI tends to: C. Understand the inflation rate D. Overstate the inflation rate E. Understate economic growth F. Be artificially...
The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income per person in the Central African Republic was $1,010 in 1960, and it actually declined to $628 by 2010. The Central African Republic's average annual growth rate during this period was -0.95%, and it was the poorest economy in the table in the year 2010. The...
1. Economic growth around the world The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income per person in Niger was $945 in 1960, and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was -1.01%, and it was the poorest economy in the table in the year 2010. The...
1. Economic growth around the world The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income ir person in Niger was $945 in 1960, and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was -1.01%, and it was the poorest economy in the table in the year 2010. The...
please
answer all 4 multiple choice questions
What measures the total cost of financing for a firm in percentage terms? Weighted average cost of capital Firm financing rate Discount rate Cost of internal common equity After-tax cost of financing 5 points What is the present value of $400 to be received at the beginning of each year for four years if the discount rate is 10%. Remember, the payments will be received at the beginning of each year (annuity due)....
please answer all question below
16. Suppose your annual income was $32,000 in 1998, and 33000 in 1999. If the 1998 CPI is 160 and 1999 CPI is 165, then you real income has: G. Gone up by 3% H. Not changed I. Declined by 5% J. Increased by 10% 13. If the CPI ignores product quality improvements, then the CPI tends to: C. Understand the inflation rate D. Overstate the inflation rate E. Understate economic growth F. Be artificially...
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