Figure 1. Average growth rate (1992-present) and initial level of real GDP per capita (relative to sample mean) for a sample of Peruvian cities (pop. 100,000 or more).Refer to figure 1. What can be inferred about the convergence of city income in Peru for the 1992-present period?

A decrease in the price of large tractors imported into the United States from Peru

Tyler studies engineering in college. What he learns in his engineering classes about existing information increases

Which of the following statements regarding productivity is correct?

Table 1.   The table below applies to an economy with only two goods — hamburgers and hot dogs.  The fixed basket consists of 4 hamburgers and 8 hot dogs. Refer to table 1.  If the base year is 2070, then the economy’s inflation rate in 2071 is

Randy is searching for a job that suits his tastes about where to live. Paige is looking for a job that makes best use of her skills.

Table 3 provides real GDP per capita and its annual growth rate for a sample of countries for a given recent year.Suppose the production functions associated to each country exhibit diminishing marginal returns to capital. Which of the following statements are true?

Jonah lost his job at a factory because the minimum wage increased, and the company could no longer afford to employ him.. Sevanna recently moved to a new city and is looking for a job. 

Regarding income per capita across countries, there is evidence 

If the consumer price index was 88 in 2060, 95 in 2061, and 100 in 2062, then the base year must be