One reason for the recent increases in health care costs is the aging of the American population.
A. True
B. False
C. Uncertain
A. True
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At the end of last year the Consumer Price Index was equal to 157.5 and at the end of this year it was equal to 163.8. What is the inflation rate over this time period?
A) 6.3 percent B) 4.0 percent C) 3.85 percent D) 10.1 percent
The uses-of-saving identity says that an economy's private saving is used for
A) investment, interest expenses, and the government budget deficit. B) investment, the government budget deficit, and the current account. C) investment, interest expenses, the government budget deficit, and the current account. D) investment, interest expenses, the government budget deficit, transfer payments, and the current account.
A business firm's profitability is based in part on the
A) prices of their nonlabor inputs. B) productivity of their workers. C) wage rates they must pay their workers. D) business taxes they must pay. E) all of the above
People who live in countries with ________ average incomes generally live ________ lives.
A. higher; shorter B. higher; more meaningful C. lower; longer D. lower; shorter