Examlex
Demand is said to be ______________ when a small change in price produces a large change in demand,while it is said to be ______________ when a large change in price produces only a small change in demand.
Per Capita GDP
The measure of a country's economic output per person, calculated by dividing the Gross Domestic Product by the total population.
Upper Volta
The former name of the West African country now known as Burkina Faso, until it was renamed in 1984.
Lower Volta
A region in Ghana, characterized by the Volta River's lower part, significant for its hydroelectric projects and agriculture.
Aggregate Production
The total output of goods and services produced by an economy over a specific time period.
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