Economic Data for Seleccted Asian Countries (2009 CIA estimates)

Country GDP per capita GDP Growth Rate (per year) Literacy Rate
China $6,600 9.1% 92%
India $3,100 7.4% 61%
Japan $32,700 -5.3% 99%

Japan's GDP per capita is extremely high but their GDP growth rate shows their economy is shrinking. Why might this be the case?

A) Japan's economic reporting is faulty.
B) Japan did not fully recover from World War II
C) India provided Japan with loans for factories.
D) Japan's economy is already developed and robust.

Define production possibility curve

Which of the following scenarios is an example of attentional blink? click or tap a choice to answer the question. while grading a student’s essay, a professor does not notice the mistake in the following sentence: “metacognition is the the awareness of one’s own thought processes.” a waiter is telling two friends about the daily specials when a neighboring table erupts in laughter. the friends ask the waiter to repeat the last few items because their attention was diverted by the sudden loud laughs. you watch television while you study for a language exam. the next day, you are unable to recall the majority of the new vocabulary you thought you had memorized. you are at a loud concert, and you are able to concentrate on the music while blocking out the conversations around you, cell phone rings, and other irrelevant stimuli.

In which type of economy are these decisions made by the producers , consumers, and the goverment?