Country A has experienced real Gross Domestic Product (GDP) growth of 2 percent and a population growth of 3 percent. What is county A's growth of per capita real GDP?
A. 5 percent
B. 1 percent
C. -5 percent
D. -1 percent
Answer: D
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If the interest rate is 10 percent, the present value of a payment of $1,000 one year from today is
A) $900. B) $909. C) $1,000. D) $1,100.
An increase in the unemployment rate which is accompanied by a decrease in the inflation rate is represented by a ________ the Phillips curve
A) movement down B) movement up C) upward shift of D) downward shift of
In 1901, U.S. Steel was created through the ______________ merger of three steel firms. U.S. Steel combined Carnegie Steel, which had acquired iron ore and coal mines through previous _________ mergers, with National Steel and Federal Steel, both of which had strong __________ alliances
a. horizontal; backward vertical; forward vertical b. vertical; horizontal; backward vertical c. horizontal; horizontal; forward vertical d. vertical; forward vertical; horizontal
Nash equilibria:
a. always exist in pure strategies. b. generally come in even numbers. c. always exist in finite games. d. all of the above.