If Honda (a Japan-based firm) produces a car in Ohio and exports it to Japan, in which country's GDP will the car be counted?
a. Japan's, because Honda is a Japanese company
b. Japan's because that is where the car is purchased
c. The GDP of the United States because that is where it was built
d. Both Japan and the United States
c
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Bank A has checkable deposits of $510 million and total reserves of $55.2 million. The required reserve ratio is 9 percent. The bank has excess reserves of ______________ million.
A. $9.3 B. $50.2 C. $454.8 D. $45.9
The law of diminishing returns applies to which of the following segments of the marginal product of labor curve?
a. The point where labor input is zero. b. The downward-sloping segment only. c. The entire curve. d. The upward sloping segment only.
Based on Table 6.2, what was the labor force participation rate in 2000?Table 6.2 199819992000Working Age Population85 million95 million110 millionLabor Force60 million65 million72 millionUnemployed5 million8 million13 million
A. 77.27 percent. B. 11.81 percent. C. 65.45 percent. D. 18.05 percent.
Using the bathtub analogy to understand what determines the number of unemployed workers, the stock variable is
A) the number of workers finding jobs. B) the number of workers separating from their jobs. C) the number of unemployed workers. D) the number of jobs created or destroyed.