Which component(s) of U.S. real GDP increased in size relative to total U.S. real GDP from 1950 to 2000?
A. Only services.
B. Only agriculture.
C. Agriculture and manufacturing.
D. Only manufacturing.
Answer: A
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Including discouraged workers in the calculation of the unemployment rate would
A) not change the reported rate. B) increase the reported rate. C) change the reported rate, but in an unpredictable manner. D) lower the reported rate.
A policy that increases saving
a. will worsen economic growth, but improve health outcomes. b. will worsen economic growth and health outcomes. c. will improve economic growth, but worsen health outcomes. d. will improve economic growth and health outcomes.
A network linking eight users is typically:
A. more than four times as valuable as a network linking two users. B. less likely to exhibit bottlenecks than a network linking two users. C. four times as valuable as a network linking two users. D. less than four times as valuable as a network linking two users.
Which set of items in the list would shift an economy's production possibilities curve outward?
Use the list below to answer the following question: 1. Improvements in technology. 2. Increases in the supply (stock) of capital goods. 3. Purchases of expanding output. 4. Obtaining the optimal combination of goods, each at least-cost production. 5. Increases in the quantity and quality of natural resources. 6. Increases in the quantity and quality of human resources. A. 2, 5, and 6 only. B. 2, 4, 5, and 6 only. C. 1, 2, 5, and 6 only. D. 1, 3, and 4 only.