Imports are goods and services that are produced:
A. in other countries and consumed domestically.
B. domestically and consumed in other countries.
C. and consumed in other countries.
D. and consumed domestically.
A. in other countries and consumed domestically.
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The labor force is the sum of the
A) working-age population and the number of unemployed people. B) number of employed people and the working-age population. C) number of employed people and the number of unemployed people. D) total population and the number of unemployed people.
Goldin (2001) refers to the 20th century as the "human capital" century and credits education for the rise in overall income
Indicate whether the statement is true or false
If a newspaper reporter wanted to learn about changes in the U.S. price levels, she would probably get that information by looking at the
a. real gross domestic product b. consumer price index c. latest press release from the Council of Economic Indicators d. nominal gross domestic product e. gross national product
Which of the following is an exogenous variable in the Three-Sector-Model?
a. GDP price index b. Oil prices c. Quantity of currency per time period d. Real GDP e. All of the above are exogenous variables.