Differences in Size of Real GDP Across Countries Are Best

question 18

Multiple Choice

Differences in size of real GDP across countries are best explained by

• A)Population growth.
• B)Human capital.
• C)Large farming sector.
• D)None of the choices are correct.

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Definitions:

Marginal Social Benefit

Sum of the marginal private benefit plus the marginal external benefit.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded.

Abatement

The reduction or removal of environmental pollutants or negative externalities to improve environmental quality.

Emissions

Emissions refer to pollutants released into the air, water, or soil by industrial activities, vehicles, and other sources that can have adverse effects on the environment and human health.