To raise the United States' rate of economic growth, we need more and better _______ as well as more and better ________.
Fill in the blank(s) with the appropriate word(s).
capital; labor
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In a game theory model, how is Nash equilibrium achieved?
What will be an ideal response?
Why is the identification problem more likely with time-series estimates of demand?
What will be an ideal response?
Which of the following statements is incorrect? a. Job losers typically account for 50 to 60 percent of the unemployed
b. Unemployment rates in the United States during the Great Depression exceeded 50 percent. c. The labor force participation rate is the percentage of the non-institutional population over age 16 that is in the labor force. d. The increase in the labor force participation rate since 1950 can be partly attributed to the entry of baby boomers into the labor force.
Depreciation is subtracted from GNP to determine:
A. net income. B. net national product (NNP). C. net GDP. D. net imbalance on exports.