A nation's real GDP was $250 billion in 2014 and $265 billion in 2015. Its population was 120 million in 2014 and 125 million in 2015. What is its real GDP growth rate in 2015?
A. 1.1%
B. 5.7%
C. 6.0%
D. 15.0%
Answer: C
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All of the following location characteristics can result in higher worker salaries except which one?
A) short commute time B) poor climate C) high cost of living D) unpleasant work conditions
The make-up of the Governing Council of the European Central Bank and the methods used to calculate price stability for the monetary system can potentially result in:
A. a policy for the median country rather than a policy well suited for any country. B. monetary policy that is well suited for some countries but ill-suited for others. C. small countries having undue influence on the decisions of the Council. D. all of the results listed are possible.
An increase in capital inflows will
A) increase the equilibrium exchange rate. B) increase net foreign investment. C) increase capital outflows. D) decrease capital outflows.
What is meant by the concept of a “coordination failure” in macroeconomics?
What will be an ideal response?