The GDP deflator of a country in the base year was 100 and it is 130 in the current year. This implies that the prices of final goods and services produced in the country have increased by ________ between the two years
A) 3% B) 30% C) 10% D) 0.1%
B
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It has been argued that tied aid leads to inefficiencies in the recipient country's economy. Explain how this could occur
What will be an ideal response?
The premium on a college education increases when
(a) the market demand for knowledge and skilled workers decreases, and all else is held constant. (b) the market supply of knowledge and skilled workers increases, and all else is held constant. (c) the growth in the demand for knowledge and skilled workers outpaces the growth in supply. (d) the growth in the supply of knowledge and skilled workers outpaces the growth in demand.
Which form of business organization is the least common in the United States?
a. sole proprietorship b. partnership c. corporation d. nonprofit organization e. conglomerate
When earnings differentials are adjusted for such factors as age, education, and marital status, the
a. differential between the earnings of white males and those of minority males increases. b. differential between the earnings of white males and those of minority males decreases. c. corrected earnings of minority males are equal to those of similar white men. d. corrected earnings of minority males are greater than those of similar white men.