A higher GDP per capita may not means that the quality of life has really improved because ?

Related Mcqs:

Which of the following country has 25 percent of the world’s estimated oil reserves and the lowest cost production as well as a dominant role in OPEC pricing ?

A. Russia B. Saudi Arabia C. Iraq D. Venezuela...

Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

A. I and III only B. II and III only C. I, II and III only D. I, II , III only IV...

If Pakistan’s GDP exceeds Pakistan’s GNP, then ?

A. intermediate production exceeds final production B. foreigners are producing more in the Pakistan then Pakistanis are producing in foreign countries C. real GNP exceeds nominal GNP D. real GDP exceeds nominal GDP...

In a boom ?

A. Surpluses are likely to occur: B. Prices are likely to fall C. Supply will increase immediately to match demand D. Shortages may occur...

The value of plant and equipment worn out in the process of manufacturing goods and services is measured by ?

A. intermediate production B. Net National Product C. Investment D. depreciation E. consumption...