Income is to money as
A. short story is to novel.
B. video is to digital photo.
C. song is to symphony.
D. entree is to dessert.
Answer: B
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If the overall unemployment rate is 8 percent, then the cyclical unemployment rate is _____ percent.
Fill in the blank(s) with the appropriate word(s).
The usage of computers on a large scale facilitated widespread changes in organizations in the twentieth century. Given this, which of the following statements will be true?
a. The LRAC of a firm operating with the old organizational structure is likely to be lower than the firms with the new structure. b. After adopting a new organizational structure that can effectively manage large-scale operations, a firm is likely to have lower LRAC whose minimum is at a higher output. c. The LRAC of a firm with a new organizational structure will be higher and to the right of a firm operating with the old organizational structure. d. After adopting a new organizational structure that can effectively manage large-scale operations, a firm's LRAC is likely to shift downward to the left.
As of 2010, the World Bank classified a country as a low-income economy when its domestic per capita GDP fell below _____
a. $1000 b. $995 c. $675 d. $530 e. $475
Suppose an economy produces only burgers and bags of fries. In 2010, 4000 burgers are sold at $3 each and 6000 bags of fries are sold at $1.50 each. In 2008, the base year, burgers sold for $2.50 each and bags of fries sold for $2 each
a. nominal GDP is $22,000, real GDP is $21,000, and the GDP deflator is 95.45. b. nominal GDP is $22,000, real GDP is $21,000, and the GDP deflator is 104.77. c. nominal GDP is $21,000, real GDP is $22,000, and the GDP deflator is 95.45. d. nominal GDP is $21,000, real GDP is $22,000, and the GDP deflator is 104.77.