Multiple Choice
The Philippines and Vietnam have roughly the same size population.Suppose the GDP of the Philippines is $1,000 billion and the GDP of Vietnam is $10,000 billion.You should conclude
A) a typical person in Vietnam is 10 times as well off as the typical person in the Philippines.
B) a typical person in Vietnam is more than 10 times as well off as the typical person in the Philippines.
C) a typical person in Vietnam is less than 10 times as well off as the typical person in the Philippines.
D) it is not possible to make a good comparison of the economic well being of a typical individual in the 2 countries without additional information.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Table 8-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 8-5
Q2: In the circular flow diagram,_ supply the
Q3: Table 8-19<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 8-19
Q4: Which of the following is included in
Q6: Between 2017 and 2018,if an economy's exports
Q7: The measure of production that values production
Q8: How are intermediate goods treated in the
Q9: National income is defined as<br>A)gross national product
Q10: Which of the following is considered a
Q11: During a business cycle expansion,total production _