A nation's real GDP per capita is the ratio of real GDP to population
a. True
b. False
Indicate whether the statement is true or false
True
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Using the fiscal year 2014 estimates, the largest component of state and local revenue is the
A) individual income tax. B) corporate income tax. C) revenue from the federal government. D) sales, excise, and gross receipts taxes.
A newly issued bond with a face value of $8,000 and no coupon payments is priced at $7,000 . The bond will mature in one year. What is the yield on this bond?
a. $1,000 b. 12.5 percent c. 14.3 percent d. $272.73 e. It depends on the interest rate
Assume there is no government or foreign sector. If the multiplier is 10, a $10 billion increase in planned investment will cause aggregate output to increase by
A. $1 billion. B. $5 billion. C. $10 billion. D. $100 billion.
Which of the following is the best example of investment as defined by economists?
A. A restaurant owner buys a freezer to store ingredients for the restaurant meals B. A college professor buys a truck to drive around in C. A business manager purchases stock on the New York Stock Exchange D. A worker deposits money into a long-term retirement account