With a given level of GDP, a decrease in the size of population would cause:
A) GDP per capita to decrease. B) life expectancy to decrease.
C) GDP per capita to increase. D) life expectancy to increase.
C
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In a Lorenz curve diagram, the 45° line represents:
A. perfect income equality. B. zero inflation. C. a negative income tax. D. an extremely unequal distribution of income.
The expansion of Social Security in 1956 added _____
a. cash benefits to surviving dependents b. disability insurance to those in the program c. medical benefits to those over 65 d. medical benefits to surviving dependents
An increase in the interest rate will stimulate firms' investment spending
a. True b. False Indicate whether the statement is true or false
In the above figure, the opportunity cost of moving from producing 75 guitars and 25 ukuleles to producing 25 guitars and 75 ukuleles is
A. 25 guitars. B. 25 ukuleles. C. 75 ukuleles. D. 50 guitars.