Refer to Table 9-10. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016?
A) 14.3 B) 87.5 C) 114.3 D) 160
B
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Labor productivity measures
A) the growth of real output. B) real output per labor hour. C) the growth in the quantity of labor. D) the growth of per capita real GDP.
If nominal GDP increased, which of the following could also have occurred?
a. Both prices and real GDP decreased. b. Prices remained the same and real GDP decreased. c. Prices decreased and real GDP remained the same. d. Prices increased and real GDP decreased. e. Both prices and real GDP remained the same.
Suppose the variable 
has been omitted from the following regression equation, 
is the estimator obtained when
src="@@PLUGINFILE@@/ppg__cognero__Ch_03_Multiple_Regression_Analysis_Estimation__media__70014c5f-f839-4657-b538-a779591b542f.PNG" style="vertical-align:-9px;" height="25px" width="17px" /> is omitted from the equation. If 
is said to _____.
A. have an upward bias
B. have a downward bias
C. be unbiased
D. be biased toward zero
Marginal benefit refers to:
A. the average benefits that arise by using an additional unit of the managerial control variables. B. the change in average benefits arising from a change in the control variable. C. the additional benefits that arise by using an additional unit of the managerial control variables. D. None of the statements associated with this question are correct.