Defining Per Capita GDP in 2013 as Y₂₀₁₃ and Per $\bar { g }$

question 49

Multiple Choice

Defining per capita GDP in 2013 as y₂₀₁₃ and per capita GDP in 2014 as y₂₀₁₄, the growth rate of per capita GDP, $\bar { g }$ , from 2013 to 2014 is given by:

• A) \(\bar { g } = \bar { y } _ { 2014 } - \bar { y } _ { 2013 }\)
• B) \(\bar { g } = \left( \bar { y } _ { 2014 } + \bar { y } _ { 2013 } \right) / \bar { y } _ { 2013 }\)
• C) \(\left( \bar { y } _ { 2014 } \times \bar { y } _ { 2013 } \right) / \bar { y } _ { 2013 }\)
• D) \(\left( \bar { y } _ { 2014 } - \bar { y } _ { 2013 } \right) / \bar { y } _ { 2013 }\)
• E) \(\left( \bar { y } _ { 2014 } - \bar { y } _ { 2013 } \right) / \bar { y } _ { 2014 }\)

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Definitions:

Fixed-interval

In behavioral psychology, this is a reinforcement schedule that delivers a reward for the first response following a predetermined time interval.

Variable-ratio

A reinforcement schedule in which a response is reinforced after an unpredictable number of responses, which tends to produce high rates of response.

Fixed-ratio

A reinforcement schedule in which a response is rewarded after a predetermined number of responses.

Variable-interval

A reinforcement timetable in which a response is reinforced following a random duration of time.