Measured in 1990 Dollars,the GDP Per Person of the World

question 17

Multiple Choice

Measured in 1990 dollars,the GDP per person of the world was $667 in 1813.By 2003,the world's income per person had risen to

• A)nearly $1200,almost twice the level of 1813.
• B)$2,422,almost four times the level of 1813.
• C)a little more than $3,600,approximately six times the level of 1813.
• D)$6,516,nearly ten times the level of 1813.

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Definitions:

Airplane

A powered flying vehicle with fixed wings and a weight greater than that of the air it displaces, used for transportation.

Car

A wheeled motor vehicle used for transportation, typically running on roads and able to carry a small number of people.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, facilitating beneficial trade and specialization.

Absolute Advantage

The ability of a party to produce more of a good or service than competitors, using the same amount of resources.