Which country has the highest and lowest standard of living

Assignment Help Microeconomics
Reference no: EM13239937

5 countries are USA, Japan, Sweden, Trinidad and Tobago, and Botswana
Go to CIA world factbook, click on guide to country comparisons, economy and GDP per capita to answer the following question:

Which country has the highest and lowest standard of living as indicated by their GDP per capita?

Reference no: EM13239937

Questions Cloud

Explain the relative sweetness of sucralose : The relative sweetness of sucralose is 60000. The relative sweetness of sugar is 100. How many grams of sucralose would you need for a solution that has the same sweetness as one made with 2.00g of sugar
Explain calcium carbonate and dichloromethane : You are provided a neutral (pH 7.0) aqueous solution of citric acid, caffeine, and triethyl amine. Provide a flow chart for how you would isolate pure caffeine from this mixture using, calcium carbonate, dichloromethane, sodium sulfate(drying), an..
Find how much is the economic life of the equipment : Special equipment can be designed and built for $80,000. This equipment will have a salvage value of $70,000 in year 1, which will decrease b y $10,000 through year 8. Operation and maintenance costs will start at $18,000 in year 1
What length will you choose for your wire : You've made the finals of the Science Olympics! As one of your tasks, you're given 1.1g of copper and asked to make a cylindrical wire, What length will you choose for your wire
Which country has the highest and lowest standard of living : 5 countries are USA, Japan, Sweden, Trinidad and Tobago, and Botswana Go to CIA world factbook, click on guide to country comparisons, economy and GDP per capita Which country has the highest and lowest standard of living
How much work w is done by the electrostatic force : A point charge with charge q1 = 2.80?C is held stationary at the origin, How much work W is done by the electrostatic force on the moving point charge
What are the output and market share for each company : Assume the current prices in the market are challenged by the regulatory agency, resulting in a new maximum price of $2,000. How will this change the industry output and market share for each company
The reactions of cyclohexene with potassium permanganate : Write equations to show the products that form I the reactions of cyclohexene with potassium permanganate and bromine.
Determine the change in temperature : Esitmate the change in temperature of 5 m^3 of air, to an increase in pressure of 50 kPa. The initial temperature of the air is 15*C at atmospheric pressure

Reviews

Write a Review

Microeconomics Questions & Answers

  Demand and supply schedules

Demand and supply schedules

  What is meant by adding autonomous net exports

What is meant by adding "autonomous" net exports 2] What affect would positive net exports have on Y* negative? Net Exports equal to zero How would the aggregate expenditures function be affected in each case Present each case graphically.

  How should the firm determine the optimal level of output

Good Grapes is selling grapes in a purely competitive market. Its output is 5000 pounds, which it sells for $5 a pound. At the 5000-pound level of output, the average variable cost is $4.00, the marginal cost is $4.25, and the average total cost i..

  Would a lump sum subsidy achieve the governments goal

Assume that a profit maximizing monopolist faces an inverse demand function given by p(), and a total cost given by c(y). Suppose the government wishes to combat the undesirable allocational effects of a monopoly

  What are the mean earnings of males and females in sample

What are the mean earnings of males and females in this sample? Does the regression result support the claim in the news?

  Determining labor and costs

Explain the law of diminishing returns in your own words. This idea can be applied to other concepts in economics. Think about your own utility from consumption. Give a personal example of diminishing utility.

  Describe the sources of this prejudice or discrimination

How does your selected religious group differ from other religious groups (such as in their beliefs, worship practices, or values)? What has been the experience of your selected religious group with others that do not share its beliefs or pr..

  Determine the reliability of the tires

Explain which bridges you would choose to attempt to use. (Assume you can put one foot on a bridge to see if it collapses before you attempt to cross.)

  Find the equilibrium price for market

If the price in this market were $160, explain why this would not be the market equilibrium price and find the equilibrium price and equilibrium quantity exchanged for this market.

  Economics in global environment

Suppose You have been employed by an unprofitable company to determine whether it should shut down its unprofitable operation.

  What will be the excess demand for apartments

Recent increases in rents have caused the citizens of Elmville to vote for a rent ceiling of $1200. Assuming all rental units in Elmville are identical and the supply and demand for rental units are given by Qs = -1000 + 20P

  Which would cause inputs to a firms production process

It is argued that the prices of inputs to firms' production processes are fixed in the short run. One example of why this might be true is that some large firms enter into futures contracts forlarge deliveries of raw materials like wheat or lumber..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd