The Following Data Show Uruguay's GDP Using Purchasing Power Parity

question 252

Multiple Choice

The following data show Uruguay's GDP using purchasing power parity in billions of dollars. Using the data, we can conclude that

• A) Uruguay's economy was entered a recession in 2008.
• B) GDP per person in Uruguay almost doubled between 2000 and 2008.
• C) potential GDP in Uruguay doubled between 2000 and 2008.
• D) Uruguay's economy reached a peak in 2000.

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Definitions:

Equal Employment Opportunity

Policies and laws that ensure all employees and job applicants have an equal chance for employment and advancement without discrimination based on non-job-related factors.

Pay Gap

The disparity in earnings between different groups of people, often highlighted between genders, ethnicities, or other demographic categories.

Gender Pay Gap

The average difference in payment or income between male and female employees for doing the same job or jobs of equal value.

Equal Pay Act

A law aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work.