Economists use real gdp per capita to measure economic growth: even though nominal gnp per capita is a far superior measure of economic growth. because poor nations have a large population and the population of richer nations is declining. because it is the inflation-adjusted value of a country's production of goods and services corrected for the change in a country's population. because it ignores the effect of price changes. 2. the best available measure of the standard of living in a country is: nominal gdp per capita. the unemployment rate. real gdp per capita. the growth rate of productivity. 3. if a country has a population of 1,000, an area of 100 square miles, and a gdp of $5 million, then its gdp per capita is: $5 million. $500. $50,000. $5,000. 4. if technology improves, then it takes more inputs to produce the same output as the last period. a. true b. false

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation: