Since 1960, which of the following countries had average growth rates in real GDP per person higher than that of the United States?
A) Singapore
B) Hong Kong
C) South Korea
D) All of the above answers are correct.
D
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Refer to Figure 4.5. If all 10 students choose Solid, each student will earn ________ extra points
A) 0 B) 2 C) 4 D) 6
In the years after 1998, the most severe recession occurred during
A) 1998. B) 2000-2001. C) 2008-2009. D) 1999-2001. E) 2005.
Whatever serves as a medium of exchange is: a. money
b. money, as long as it is also the best such medium of exchange available. c. money, as long as it is not also a commodity. d. money, as long as it is not also legal tender. e. not money, unless it continues to be backed by its issuing institution.
Which of the following correctly describes the simple tax multiplier?
a. 1/(1-MPC) b. MPC/(1-MPC) c. -MPC/(1-MPC) d. MPS/MPC