Which of the Following Is True About Per Capita Income

question 46

Multiple Choice

Which of the following is true about per capita income?

• A)it is an approximate measure of how rich or poor a country is
• B)it is the same as income per worker only if everyone in the economy is assumed to work
• C)it is the product of TFP and capital per worker only if everyone in the economy is assumed to work
• D)all of the above
• E)none of the above

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Definitions:

Tax Return

A formal statement of income filed with a tax authority to calculate and pay taxes owed.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables.

Scientific Study

The pursuit and application of knowledge and understanding of the natural and social world following a systematic methodology based on evidence.

Exercise

Structured activities whose goal is to improve health.