The best measure of average income for a country is
A. Per capita GDP.
B. Real GDP.
C. The economic growth rate.
D. The capital stock of the economy.
Answer: A
Economics
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If a straight line crosses the Y-axis at 5 and crosses the X-axis at 10, we can conclude that the slope of the line is
A) positive. B) negative. C) zero. D) infinity.
Economics
Inflation lowers the purchasing power of a given amount of money
Indicate whether the statement is true or false
Economics
Economists expect the relationship between consumption and disposable income to be
A. unpredictable. B. transitory. C. fixed. D. inverse E. stable.
Economics
If you pay a very high price for a good or service, you _____ (are/are not) getting ripped off.
Fill in the blank(s) with the appropriate word(s).
Economics