If Real GDP Per Capita Measured in 2000 Dollars Was

question 87

Multiple Choice

If real GDP per capita measured in 2000 dollars was $6,000 in 1950 and $48,000 in 2010,we would say that in the year 2010,the average American could buy ________ times as many goods and services as the average American in 1950.

• A) 1/8
• B) 4
• C) 8
• D) 12

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Definitions:

No-Questions-Asked Return Policies

Return policies that allow consumers to return purchased goods for a refund or exchange without requiring an explanation for the return.

High Costs

Refers to significant expenses incurred in the production, operation, or maintenance of something, influencing pricing and profitability.

Time Limits

Predetermined periods set to complete specific tasks or objectives, often used to manage productivity and deadlines effectively.

Distributive Fairness

Pertains to a customer’s perception of the benefits he or she received compared with the costs (inconvenience or loss) that resulted from a service failure.