Which of the following is a true statement?
a. GDP per capita does not account for the difference in the cost of living among nations.
b. The LDC classification is of the questionable accuracy.
c. All of the answers are correct.
d. GDP per capita is affected by exchange rate changes.
e. GDP per capita ignores the degree of income distribution.
c
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________ is the largest international debtor in the world
A) Brazil B) Mexico C) Italy D) The United States
In the period 1960–95, the federal government
(a) played, in general, a much larger role in the economy during this period than prior to World War II. (b) played a small role in the economy, similar to the 1920s. (c) eliminated most of the major programs for the federal government that were established by the New Deal in the 1930s, while state and local governments began to play a larger role in the economy. (d) played a large role in defense spending but followed basically a laissez-faire policy toward the rest of the economy.
One of the causes of structural unemployment is _______ shocks.
A. small, slow, and relatively permanent B. large, quick-hitting, temporary C. large, quick-hitting, and relatively permanent D. large, slow, and relatively permanent
A decline in the real interest rate will:
A. increase the amount of investment spending. B. shift the investment schedule downward. C. shift the investment demand curve to the right. D. shift the investment demand curve to the left.