We can roughly estimate how long it will take a country to double its real GDP per capita using the:
A. rule of 60.
B. rule of 70.
C. GDP deflator.
D. growth estimator.
Answer: B
Economics
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A permanent reduction in international trade barriers would
A) decrease long-run aggregate supply. B) increase long-run aggregate supply. C) decrease aggregate demand. D) increase aggregate demand.
Economics
Violations of the law of demand are assumed to occur
a. regularly. b. only when goods are Giffen goods. c. only when the substitution effect dominates the income effect. d. All of the above are correct.
Economics
Monetary policy affects real GDP by..
What will be an ideal response?
Economics
The ________ is the additional revenue a firm earns by employing one additional unit of labor.
A. per-worker net profit B. average labor revenue C. marginal revenue product of labor D. marginal labor cost
Economics