Which of the following would be considered a good starting point for measuring a nation's quality of life?
(A) Real GDP per capita
(B) Business cycle
(C) Aggregate supply
(D) Intermediate goods
Ans: (A) Real GDP per capita
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When the price level goes up, the purchasing power of the dollar
A) varies directly with the value of the euro. B) remains constant. C) also increases. D) falls.
International monetary analysis focuses on
A) the real side of the international economy. B) the international trade side of the international economy. C) the international investment side of the international economy. D) the issues of international cooperation between Central Banks. E) the monetary side of the international economy, such as currency exchange.
Given the consumption function C = $100 billion + 0.75 ($300 billion), autonomous consumption is equal to:
a. $100 billion. b. $225 billion. c. $300 billion. d. $325 billion. e. $400 billion.
The voluntary relocation of employable migrants from low-paying nations to high-paying nations reduces:
A. wage rate disparities among nations. B. business or capitalist income in the world. C. labor productivity in the world. D. total wage income in the world.