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:

Firm Offer

An irrevocable offer made in a commercial context that remains open for a specified period of time, often used in the sale of goods.

UCC

Stands for the Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.

Electrical Portion

The part of a system or device that pertains to or operates through the use of electricity.

Lowest Bid

The least amount of money offered by a contractor to complete a specified project or job in a bidding process.