Refer to the above data. The expenditures approach to GDP calculation can be done by adding:
1 through 7
8 through 13
2 through 7
8 through 11
8 through 11
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The political technique called logrolling:
A. always increases economic efficiency. B. always decreases economic efficiency. C. involves trading votes to secure favorable outcomes that otherwise could be rejected. D. is an example of the paradox of voting.
Answer the following statement(s) true (T) or false (F)
1. Large numbers of transactors lower transaction costs. 2. It is easy to exclude people from the benefits of clean air and water. 3. A private good is rival and excludable. 4. A public good is rival. 5. People who get benefits without paying for them are called free riders.
Nominal GDP in a country was $8759.9 billion in 2014 and $9254.6 billion in 2015. The GDP deflator was 102.86 for 2014 and 104.37 for 2015
(a) What is the growth rate of nominal GDP between 2014 and 2015? (b) What is the inflation rate from 2014 to 2015? (c) What is the growth rate of real GDP from 2014 to 2015?
Which of the following is NOT a way to signal high quality
a. wearing a business suit on a job interview b. leaving a big tip for the waiter after a dinner date c. offering a cheap engagement ring to your bride d. Visiting the beauty salon before a big date