Need help with macroeconomic my little choice review question 26. Suppose that a University’s tuition is $7,000. The cost of textbooks is $1,000, and the cost of food & housing is $19,000. If you did not go to the University, you would have worked as a server, making $50,000 per year. What is your opportunity cost of attending The University? (A) $27,000. (B) $77,000. (C) $58,000. (D) $50,000. 27. Wakanda has a GDP of $720 trillion and a population of 6 million. What is Wakanda’s GDP per capita? (A) $120,000,000. (B) $720,000,000,000,000. (C) $100,000,000,000. (D) $833,333,333.
Need help with macroeconomic my little choice review question 26. Suppose that a University’s tuition is $7,000. The cost of textbooks is $1,000, and the cost of food & housing is $19,000. If you did not go to the University, you would have worked as a server, making $50,000 per year. What is your opportunity cost of attending The University? (A) $27,000. (B) $77,000. (C) $58,000. (D) $50,000. 27. Wakanda has a GDP of $720 trillion and a population of 6 million. What is Wakanda’s GDP per capita? (A) $120,000,000. (B) $720,000,000,000,000. (C) $100,000,000,000. (D) $833,333,333.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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26. Suppose that a University’s tuition is $7,000. The cost of textbooks is $1,000, and the cost of food & housing is $19,000. If you did not go to the University, you would have worked as a server, making $50,000 per year.
What is your
(A) $27,000. (B) $77,000. (C) $58,000. (D) $50,000.
27. Wakanda has a
(A) $120,000,000.
(B) $720,000,000,000,000. (C) $100,000,000,000. (D) $833,333,333.
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