The slope of an upward-sloping line is positive, and the slope of a downward-sloping line is negative
a. True
b. False
Indicate whether the statement is true or false
True
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If real GDP grows at a rate of 6 percent and population grows at a rate of 2 percent, then real GDP per person grows at a rate of
A) -3 percent. B) 8 percent. C) 2 percent. D) 4 percent. E) 0.5 percent.
Measures of the Solow residual show it to be
A) strongly procyclical. B) mildly procyclical. C) mildly countercyclical. D) strongly countercyclical.
Which of the following consumer goods is responsible for creating jobs, increasing energy consumption, and altering people's lifestyle?
A. television B. prefabricated housing C. automobile D. electric appliances
Data on DVD sales for three different years can best be compared by using a
a. crystal ball b. bar graph c. psychic d. pie graph