If Mother Teresa had spent $190,000 on a leprosarium in Calcutta, how would her purchase have directly affected U.S. GDP?
A) It would remain unchanged because the expenditure occurred outside the domestic economy.
B) It would remain unchanged because Mother Teresa was not acting out of her own selfish interests.
C) It would have increased by $190,000.
D) It would have decreased by $190,000.
A
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Indifference curve slopes upward from left to right because consumers always prefer more of a good to less
a. True b. False Indicate whether the statement is true or false
Since 1870, U.S. labor productivity growth has averaged roughly 2.1 percent annually
a. True b. False Indicate whether the statement is true or false
List the four major elements that determine productivity growth. Choose one of these factors and explain, using specific examples, the role that it has played in increasing productivity in the United States.
What will be an ideal response?
When growth goes down, unemployment tends to go:
A. down at the same time, and vice versa. B. up at the same time, but remains sticky on the way down and lags behind. C. down shortly after, and vice versa. D. up shortly after, and vice versa.