Ethiopia has a GDP of $8 billion (measured in U.S. dollars) and a population of 55 million. Costa Rica has a GDP of $9 billion (
1 answer:
Answer:
Per capita GDP for Ethiopia is $145.45. The per capita GDP for Costa Rica $2,250.
Costa Rica has higher per capita GDP.
Explanation:
Ethiopia has a GDP of $8 billion (measured in U.S. dollars) and a population of 55 million.
Costa Rica has a GDP of $9 billion (measured in U.S. dollars) and a population of 4 million.
Per capita GDP for Ethiopia
=
=
= $145.45
Per capita GDP for Costa Rica
=
=
= $2,250
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Answer:
shift demand and supply for loanable funds to the right (up), increasing interest rates.
Explanation:
According to the Fisher hypothesis when there is an increase in the expected inflation there is an equal increase in nominal interest rates.
As interest rates rise demand and supply for loanable funds will rise. This is illustrated in the attached diagram. Interest rate moves from i0 to i1.
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