Country a has a higher gdp than country
b. what does this mean?
a. it means that on a per-capita basis the residents of country a are relatively better off (in terms of the goods and services they have available to them) than the residents of country
b.
b. it means that on a per-capita basis the residents of country a are richer than the residents of country
b.
c. it means that more goods and services were produced in country a than country
b.
d. it means that the total market value of the final goods and services produced in country a is greater than the total market value of the final goods and services produced in country
b.
e. a and d
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Country a has a higher gdp than country b. what does this mean? a. it means that on a per-capita basis the residents of country a are ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Spending more time with her grandchildren is most likely a short-term goal for a person of which of these ages? A. 20 years old B. 30 years old C. 60 years old D. 10 years old 2b2t
Answers (2)
Give at least one example of a type of market research that producers conduct. Explain the kind of information this research provides.
Answers (1)
Each unit of finished product requires 3 feet of raw materials. The company maintains raw materials inventory equal to 2,000 feet plus 10% of the next month's expected production needs.
Answers (1)
If you burn your trash in the back yard in spite of regulations against it, then you are A) acting economically irrationally and creating a social cost.
Answers (1)
In which of the following situations would it be best to choose a landscape orientation? a. printing a portrait b. printing a report c. printing a letter d. printing a diploma
Answers (1)
New Questions in Business
A product will probably have a relatively high price if
No Answers
Oliver, a widower who does not live in a community property state, sold 50 acres of land he and his wife had paid $10,000 for in 1999. She died in 2009. As of the date of her death, the land was valued at $50,000 for estate tax purposes.
Answers (1)
What groups are especially hard hit by poverty?
Answers (1)
A production line at V. J. Sugumaran's machine shop has three stations. The first station can process a unit in 5 minutes.
Answers (1)
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitutes one product for another?
Answers (1)