The slowdown in U.S. economic growth in the period 1974-95 was primarily caused by ________
A) falling labor growth
B) falling capital growth
C) falling productivity growth
D) none of the above
C
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Explain the view that income inequality can actually increase the income of the poor
Inflation is defined as
a. a period of rising productivity in the economy. b. a period of rising income in the economy. c. an increase in the overall level of output in the economy. d. an increase in the overall level of prices in the economy.
If foreign citizens earn less income in the U.S. than U.S. citizens earn in foreign countries,
a. U.S. net factor payments from abroad are positive, and its GDP is larger than its GNP. b. U.S. net factor payments from abroad are positive, and its GNP is larger than its GDP. c. U.S. net factor payments from abroad are negative, and its GDP is larger than its GNP. d. U.S. net factor payments from abroad are negative, and its GNP is larger than its GDP.
Refer to the table. The equilibrium dollar price of luta is:
Answer the question on the basis of the following table, which indicates the dollar price of luta, the currency used in the hypothetical economy of Luteland:
A. $10.
B. $8.
C. $6.
D. $2.