If the GDP of Macroland Is $250,000,000 and They Have

question 67

Multiple Choice

If the GDP of Macroland is $250,000,000 and they have a population of 5,000 people, then the GDP per capita is:

• A) quite high.
• B) $5,000.
• C) $1,250,000.
• D) $50,000.

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Definitions:

House Money Effect

The tendency of individuals to take higher risks when dealing with profits from previous bets or investments, as if playing with "house money."

Lottery

A form of gambling that involves drawing numbers at random for a prize, with varying rules and structures depending on the type.

Business Venture

An entrepreneurial enterprise or new business that is undertaken with the expectation and plan of achieving financial gains.

Ultra Conservative

describes an extremely cautious investment strategy or stance, prioritizing capital preservation over growth or high returns.