Average labor productivity times the proportion of the population employed equals:
A. real GDP per worker.
B. real GDP per person.
C. real GDP.
D. output per worker.
Answer: B
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Resources are scarce
a. because there is always a greater demand for them than there is a supply of them b. only if the resources are nonrenewable c. only if the resources are renewable d. because all resources are nonrenewable e. because all resources are renewable
Ceteris paribus, if the average price level falls, then the _____ effect will result in _____ in the purchases of goods and services.
A. Real balances; an increase B. Foreign trade; a decrease C. Interest rate; a decrease D. Cost; an increase
If goods and services flow clockwise in a circular economic flow diagram, then consumption expenditures flow:
A. counterclockwise and firm revenues flow clockwise. B. counterclockwise and firm revenues flow counterclockwise. C. clockwise and firm revenues flow counterclockwise. D. clockwise and firm revenues flow clockwise.
Consider a $1,000.00 face value bond with a $55 annual coupon and 10 years until maturity. Calculate the current yield; the coupon rate and the yield to maturity under each of the following:a) The bond is purchased for $940.00b) The bond is purchased for $1,130.00c) The bond is purchased for $1,000.00
What will be an ideal response?