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lotusflwr lotusflwr
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A year ago
Scenario: The price of a standard basket of goods in Country A is 10 pesos. The price of the same basket of goods in country B is 25 francs and $5 in the United States. Country A has an income per capita of 60,000 pesos, and country B has an income per capita of 100,000 francs. Assume full employment in both countries.


Refer to the scenario above. Which of the following statements is most likely to be TRUE if we plot the relationship between income per capita (x-axis) and the Human Development Index (y-axis)?

▸ Country A lies below and to the left of Country B.

▸ Country A lies to the right of Country B.

▸ Country A lies above and to the right of Country B.

▸ Country A lies above country B.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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desai.sumeet1desai.sumeet1
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A year ago
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lotusflwr Author
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A year ago
Smart ... Thanks!
jmendoza
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Yesterday
Thank you, thank you, thank you!
Ctownsend
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2 hours ago
Helped a lot
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