When per capita real GDP is increasing, real output is growing:
A. more rapidly than prices.
B. more rapidly than population.
C. less rapidly than prices.
D. less rapidly than population.
Answer: B
Economics
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Declining real GDP for two quarters in a row is often called a recession
Indicate whether the statement is true or false
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There is an Italian soccer player who makes more than $10 million a year. Why?
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Which of the following does not affect the wages a worker earns?
a. natural ability b. effort c. chance d. All of the above affect the wages a worker earns.
Economics
The U.N.'s Millennium Aid Goal is for nations to increase their foreign aid levels to 0.7 percent of donor country GDP.
Answer the following statement true (T) or false (F)
Economics