Per capita income is defined as total amount of income in a nation in one year.
average amount of income in Europe in one year.
total amount of income earned by workers in one year.
average amount of annual income earned per person in one year.

Why were the gods angry at odysseus in the odyssey

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Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment. b. the allocation of resources between private markets and the public sector. c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t. d. differences in productivity. e. ones that think at the margin and respond to incentives and those that don’t.