(Consider This) the Main Point of the Consider This Box

question 109

Multiple Choice

(Consider This) The main point of the Consider This box about hypothetical countries Slogo, Sumgo, and Speedo is that over several decades, differing

• A)inflation rates create large differences in real GDP per capita.
• B)economic growth rates create large differences in real GDP per capita.
• C)ratios of defense spending to GDP create large differences in real GDP per capita.
• D)unemployment rates create large differences in real GDP per capita.

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Definitions:

Net Energy

The difference between the energy expended to harvest an energy source and the amount of energy gained from that source.

Sustainable Energy

Energy obtained from sources that are essentially inexhaustible and capable of being replenished or maintained for future generations without depleting natural resources.

Full-Cost Pricing

A pricing strategy that includes all direct, indirect, fixed, and variable costs in the price of a product or service.