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.

Suppose you are a freshmen in college and you have not declared a major. one reason you enrolled at your respective college was the school's vibrant social life. at the same time, you want to balance your academic life because you know that your grades will matter for graduate school or job applications.you decide to forgo partying for two hours to study for an upcoming economics exam. in your first semester's principles of economics class, you learn that the enjoyment you would have received from partying is an example of a(n)