If the GDP of Macroland Is $250,000,000 and the Country

question 70

Multiple Choice

If the GDP of Macroland is $250,000,000 and the country has a population of 5,000 people, what is the GDP per capita?

• A) $1,500
• B) $5,000
• C) $1,250,000
• D) $50,000

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Definitions:

Prohibiting Assignment

A clause within a contract that restricts or entirely prevents one party from transferring their rights or obligations under the contract to another party.

Delegation Of Duties

The assignment of responsibility or authority from one person to another person to carry out specific activities.

Detrimental Reliance

The situation where an individual suffers a loss as a result of relying on a promise or statement made by another, which was later retracted or proved false.

Assignment

The transfer of rights, duties, or benefits from one party to another in a contract or agreement.