If a Country's Population Is 5 Million and Its Output

question 119

Multiple Choice

If a country's population is 5 million and its output is $195 billion, its per capita output is:

• A)$1,960.
• B)$9,800.
• C)$19,960.
• D)$39,000.

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Definitions:

Credence Properties

Attributes of a product or service that are difficult to observe or assess even after purchase, often requiring trust or brand credibility.

Opinion Leaders

Influential individuals within a community or industry whose opinions, attitudes, or beliefs can shape the behavior or perceptions of others.

Credence Properties

Qualities of a product or service that are difficult to observe even after purchase and consumption, often requiring expert advice.

Specialized Professionals

Individuals with expertise in a particular area or field, often requiring specific education or training.