Introduction to Macroeconomics: Around the World Economists use GDP per capita as a benchmark for a country's relative standard of living. However, not all factors are included in the measurement of GDP per capita. Consider each of the given factors. Move each factor to the appropriate category based on whether it would increase Costa Rica's GDP per capita, decrease Costa Rica's GDP per capita, or have no effect. Increase The average life expectancy of Costa Ricans increases. Decrease Answer Bank Businesses operating in the informal economy in Costa Rica begin reporting their income to the government. No effect Businesses is Costa Rica begin utilizing production methods that protect the environment without increasing production costs.

Introduction to Macroeconomics: Around the World Economists use GDP per capita as a benchmark for a country's relative standard of living. However, not all factors are included in the measurement of GDP per capita. Consider each of the given factors. Move each factor to the appropriate category based on whether it would increase Costa Rica's GDP per capita, decrease Costa Rica's GDP per capita, or have no effect. Increase The average life expectancy of Costa Ricans increases. Decrease Answer Bank Businesses operating in the informal economy in Costa Rica begin reporting their income to the government. No effect Businesses is Costa Rica begin utilizing production methods that protect the environment without increasing production costs.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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