Over the past 100 years real GDP per person in the United States, on average, has
A) decreased by about 5 percent per year.
B) increased by about 2 percent per year.
C) increased by about 5 percent per year.
D) increased by about 10 percent per year.
B
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The tendency for the values of two variables to move in a predictable and related way is known as
A) a natural experiment. B) a normative relationshi
The manager-stockholder conflict generally becomes worse
A) the smaller the firm. B) the larger the firm. C) the more the firm borrows from banks. D) the less the firm borrows from banks.
Jake loaned Elwood $5,000 for one year at a nominal interest rate of 10 percent. After Elwood repaid the loan in full, Jake complained that he could buy 4 percent fewer goods with the money Elwood gave him than he could before he loaned Elwood the $5,000 . From this, we can conclude that the rate of inflation during the year was
a. -4 percent. b. 4 percent. c. 6 percent. d. 14 percent.
A positive statement is
A. a value judgement. B. based upon what can be demonstrated to be true. D. can be shown to be correct or incorrect.