Benchmarking means
A. looking at yourself and telling yourself you are the greatest.
B. looking at yourself and telling others what to do.
C. blind copying from others.
D. copying from the best so as to become better.
Answer: D
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Which of the following is the most likely side effect of an increase in the relative size of the underground economy with the passage of time?
a. The growth rate of real GDP will tend to understate the growth rate of total output. b. The growth rate of real GDP will tend to overstate the growth rate of total output. c. The GDP deflator will tend to overstate any increase in inflation. d. The GDP deflator will tend to understate any increase in inflation.
Which of the following is true?
a. Structural unemployment is caused by the fact that it takes a short time to search for a job. b. Cyclical unemployment is caused by the fact that it takes a short time to search for a job. c. Frictional unemployment is caused by a lack of skills or information about jobs. d. Structural unemployment is caused by a lack of skills or information about jobs. e. Cyclical unemployment is caused by a lack of skills or information about jobs.
If the interest rate is 5 percent per year and you borrow $100 for two years, at the end of the second year you must pay back
A. $103.00. B. $93.73. C. $110.25. D. $106.99.
For the United States in 2012, exports and imports were roughly what percent of its GDP?
A. 56 percent and 44 percent, respectively B. 41 percent and 37 percent, respectively C. 21 percent and 26 percent, respectively D. 14 percent and 17 percent, respectively