Primacy Ratio Is Computed by Dividing the

question 19

Multiple Choice

Primacy ratio is computed by dividing the

• A) primate city's population by the total population of the country.
• B) primate city's population by the population of the second-largest city.
• C) second-largest city's population by the primate city's population.
• D) country's total population by the population of the second-largest city.

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Definitions:

Marginal Utility

The added satisfaction or utility gained from consuming an additional unit of a good or service.

Spending

Engaging in transactions to acquire goods or services by spending money.

Income

Earnings accrued from work or investment sources on a consistent basis.

Goods

Physical items that satisfy human wants or needs, which can be bought, sold, or traded.