How the level of well-being in country has changed over time

Assignment Help Business Economics
Reference no: EM13896602

Which of the following best measures how the level of well-being in a country has changed over time?

level of nominal GDP per person.

growth rate of nominal GDP.

growth rate of real GDP.

growth rate of real GDP per person.

Reference no: EM13896602

Questions Cloud

Explain why trash collection on campus is provided : Explain why trash collection on campus is provided by the University, instead of by individual students and faculty members.
Based on the criteria used by the bureau of labor statistics : Consider a small economy composed of six people: Eric, Ginny, Kenji, Lucia, Sharon, and Paolo. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as Employed, Unemployed, “Not in the labor force” if not ..
Increase mongolias rate of economic growth : How might freeing up dead capital have helped to increase Mongolia’s rate of economic growth? What type of investment would foreign residents undertake if they were to purchase a small fraction of the shares of stocks owned by Mongolia’s residents?
Who pays the tax-graphical model with interpretation : Who pays the tax: Graphical model with interpretation? Then the mathematical model solution with interpretation: compare P1 with P2 with P1 + tax
How the level of well-being in country has changed over time : Which of the following best measures how the level of well-being in a country has changed over time?
Experienced diminishing marginal utility : Describe when you have experienced diminishing marginal utility. Also discuss opportunity costs you have had to pay in order to attend school
What is the firms profit-maximizing markup : The demand function for a firm’s product is Q = P!3. The firm’s marginal cost of production is constant at MC(Q) = 12. Using your answers to (a) and (b), what is the firm’s profit-maximizing markup? (Justify your answer carefully. Do not forget about..
Explain why market recognizes first effect-but not second : Suppose the education an individual acquires makes her a more productive member of the workforce and also decreases the likelihood of her supporting dictator. Explain why market recognizes the first effect, but not the second?
Carolina christmas tree corporations total revenues : The Carolina Christmas Tree Corporation grows and sells 500 Christmas trees. The average cost of production per tree is $50. Each tree sells for a price of $65. The Carolina Christmas Tree Corporation’s total revenues are

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what is the price level and the velocity of money

Suppose that in year 2008, the money supply is $400 billion, nominal GDP is 9 trillion, and real GDP is $4 trillion. Illustrate what is the price level. What is the velocity of money.

  Calculate the total surplus of the market with price ceiling

A market has a demand curve described by P=26-Q, a supply curve described by P=10+Q, and a price ceiling of 12. Calculate the Total Surplus of the market with the price ceiling.

  Explain how much money will you have earned

Explain how much money willyou have earned when the bond reaches maturity in five years.

  Which factory will experience diminishing returns first.

As the number of workers at each factory increases, which factory will experience diminishing returns first.

  Two-period consumption model of borrowing and saving

Consider the two-period consumption model of borrowing and saving. Suppose Claire has an income of m1 today and m2 a year from now and can borrow and lend at the interest rate r. She chooses consumption levels c1 and c2 given her well-behaved prefere..

  Sam is now growing wheat on enough land to produce

Suppose which Sam is now growing wheat on enough land to produce 7,000 bushels of wheat. Illustrate what is the opportunity cost.

  Explain how much profit will the perfectly competitive firms

Explain how much profit will the perfectly competitive firms earn. Explain how much profit will the monopoly firm earn.

  Q firms a and b compete as cournot duopolists in the cola

q. firms a and b compete as cournot duopolists in the cola market. the demand and marginal revenue are given by p 200

  Economic activity-total benet and total cost functions

Suppose for an economic activity, your total benet and total cost functions are B (x ) = 654x - 40x2 and C (x ) = 110x +120x2 , respectively. The corresponding marginal formulas will be MB (x ) = 654 - 80x and MC (x ) = 110 + 240x . What is your best..

  Q1 the happy crystal bank of kowloon lends money to risky

q1. the happy crystal bank of kowloon lends money to risky businesses. the risk premium it charges on its loans is

  Define actual and potential-expenditures and taxation

Define actual and potential, expenditures, taxation, aggregation supply, aggregation demand, AS curve, AD curve. Equilibrium of AS and AD sources of long-run economic growth

  Q gains from trade will result if a country specializes ina

q. gains from trade will result if a country specializes ina. the goods in which it have a comparative advantage.b. all

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