By the end of this section, you will be able to do …
By the end of this section, you will be able to do the following: Analyze GDP per capita as a measure of the diversity of international standards of living; Identify what classifies a country as low-income, middle-income, or high-income; and Explain how standards of living are influenced by geography, demographics, industry structure, and economic institutions.
Principles of Macroeconomics 2e covers the scope and sequence of most introductory …
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.
By the end of this section, you will be able to: Analyze …
By the end of this section, you will be able to:
Analyze GDP per capita as a measure of the diversity of international standards of living Identify what classifies a country as low-income, middle-income, or high-income Explain how geography, demographics, industry structure, and economic institutions influence standards of living
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