GDP per capita is a relatively good measurement of:
A. the distribution of income.
B. purchasing power.
C. household production.
D. the standard of living.
Answer: D
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The interest rate effect suggests that investment spending and planned aggregate expenditures fall when the general price level rises
a. True b. False Indicate whether the statement is true or false
Factory A can reduce emissions at a cost of $150 per ton. Factory B can reduce emissions at a cost of $115 per ton. In a system in which the government issues transferable pollution right at a price of $200 per ton:
a. Factory A can profit from selling its pollution rights to Factory B. b. Both firms have an incentive to buy pollution rights c. Factory B can profit from selling its pollution rights to Factory A. d. Both firms have an incentive to sell pollution rights.
Suppose Tyler values a basketball at $20 . Jacqui values a basketball at $16 . The pre-tax price of a basketball $15 . The government imposes a tax of $2 on each basketball, and the price rises to $17 . The deadweight loss from the tax is
a. $1. b. $2. c. $3. d. $6.
Suppose that the CPI doubles from 1995 to 2004. That means that prices have risen by
A. 50%. B. 100%. C. 150%. D. 200%.