Adding together the growth rate of labor input and the growth rate of labor productivity yields the growth rate of
a. nominal GDP.
b. actual GDP.
c. potential GDP.
d. final GDP.
c
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When Americans decrease their demand for Japanese goods
A) the supply of dollars will fall, and the demand for yen will fall. B) the supply of dollars will rise, and the demand for yen will rise. C) the demand for dollars will rise, and the demand for yen will rise. D) the demand for dollars will fall, and the demand for yen will rise.
Answer the following statement(s) true (T) or false (F)
1. Municipal solid waste includes nonhazardous and hazardous wastes disposed of in local communities. 2. According to available U.S. trend data, the number of landfills in the country has been increasing since 1960. 3. In the United States, the composition of MSW is categorized both by materials and by products. 4. The highest proportion of products in the MSW stream is consumer electronics. 5. One of the fastest growing segments of the MSW stream is plastics.
If you see a movie at a theater, the movie is:
A. an excludable good/service but nonrival in consumption. B. an excludable good/service and rival in consumption. C. a non-excludable good/service but rival in consumption. D. a non-excludable good/service and nonrival.
Which of the following is/are likely to affect the demand for imports?
A. interest rates B. the after-tax real wage C. the relative prices of domestically produced and foreign-produced goods D. all of the above