Refer to the scenario above. If the population of the economy is 200, the per capita national income is:
A) $17. B) $50. C) $10. D) $35.
D
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Gross fiscal expenditure in a country increased by $250,000 during a certain year. If the value of the simple spending multiplier is 3, then real GDP in this country will increase by: a. $175,000. b. $750,000. c. $45,000
d. $80,000.
Which of the following would not explain why academic economists earn less than corporate economists?
a. more freedom in daily schedules b. less restrictions on attire c. less freedom in choice of research topics d. less control over their public statements e. None of the answers is correct.
Ceteris paribus means
A) "all variables are independent." B) "other things being constant." C) "some assumptions are unrealistic." D) "some theories are not rational."
It is costly to hold money because:
A. deflation may reduce its purchasing power. B. in doing so, one sacrifices interest income. C. bond prices are highly variable. D. the rate at which money is spent may decline.