In Sequential Games

question 12

Multiple Choice

In sequential games,

• A)Players take turns,and each player observes what his or her rival did before having to move
• B)Players take turns,but each player does not observe what his or her rival did before having to move
• C)Players move at the same time
• D)None of the above

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Definitions:

Output Per Capita

Output per capita is a measure of a country's economic output that accounts for its number of people, essentially giving an average production per person.

GDP

Gross Domestic Product, the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

GNP

GNP, or Gross National Product, represents the total dollar value of all goods and services produced over a specific time period by a nation's residents, regardless of the production location.

Population

The total number of people inhabiting a particular area, region, or country.