The growth rate of per capita real Gross Domestic Product (GDP) is a reasonable measure of
A) the amount of money each person has.
B) productive activity.
C) personal well-being.
D) quality of life.
B
You might also like to view...
Suppose you are working four nights per week at your courses and your grade point average is 3.5. You want a higher grade and decide to study an extra night each week. Your GPA now rises to 3.8
What is your marginal benefit from studying for one additional night a week?
If a firm in a perfectly competitive market faces the cost curves in the graph shown, which of the following is true? The firm:
A. if it produces at profit-maximizing level of output it will make positive profits when price is higher than $15.
B. if it produces at profit-maximizing level of output it will make positive profits when price is higher than $11.
C. should always produce at least 43 units in order to maximize profits.
D. will shut down if market price is below $15, but above $11.
Land, as a resource, is sometimes confused with what is ________.
Fill in the blank(s) with the appropriate word(s).
If the frictional unemployment rate is 2 percent, the structural unemployment rate is 3 percent, and the overall unemployment rate is 9 percent, how much is the cyclical unemployment rate?
What will be an ideal response?