Which of the following is an example of cyclical unemployment?
A. A worker stays at home to care for children.
B. A student goes to school instead of working.
C. An autoworker is laid off when auto sales fall due to a recession.
D. A fast-food worker quits that job to find a better-paying job.
Answer: C
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Given the production function Y = A if output grows by five percent, the capital input grows by five percent, and the labor input grows by two percent, calculate the Solow residual
Calculate the growth rates of output per worker and capital per worker.
If the U.S. experiences a current account deficit, then
A. the U.S. must also be running a capital account deficit. B. the U.S. must be running a capital account surplus. C. the U.S. may either experience a capital account surplus or deficit. D. None of these statements are true.
Social Security makes up about ______ percent of federal transfer payments.
a. 10 b. 25 c. 45 d. 95
The World View article titled "The Education Gap between Rich and Poor Nations" says that 85 percent of all Americans graduate from high school. This is an example of
A. Capital-intensive production. B. The inequitable distribution of income. C. A negative externality. D. Investment in human capital.