The table below shows data for China
Population (millions) Real GDP (yuan, billions) Nominal GDP (yuan, billions)
2000 1267 4999 9921
2003 1292 6498 13582
2006 1315 8776 21087
The standard of living between 2003 and 2006 increased by ________.
A) 55.3 percent
B) 1.8 percent
C) 35 percent
D) 32.7 percent
D
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A reduction in tax expenditures _____
a. will cause tax revenues to rise b. will cause government spending on social policy to rise c. will cause inflation to rise d. will reduce the tax base
During the latter half of 2004 and the beginning of 2007, the Fed adopted a policy that consistently increased the federal funds rate. The most likely goal of this policy was to:
A. decrease inflation by increasing aggregate demand. B. increase output by decreasing aggregate demand. C. decrease inflation by decreasing aggregate demand. D. increase output by increasing aggregate demand.
Explain the criticisms of labor and environmental clauses and how these are being addressed in the TPP
What will be an ideal response?
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point A. The opportunity cost of moving from Point A to Point B is the
A. 30 LCD televisions that must be forgone to produce 60 additional OLED televisions. B. 90 LCD televisions that must be forgone to produce 20 additional OLED televisions. C. 30 LCD televisions that must be forgone to produce 20 additional OLED televisions. D. 120 LCD televisions that must be forgone to produce 40 additional OLED televisions.