Which of the following is true about income inequality?
A. Inequality tends to be greatest in the poorest countries.
B. Inequality tends to diminish as the population increases.
C. Inequality is not an issue for developed countries.
D. Inequality tends to get worse as a country develops.
Answer: A
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When the unemployment rate is less than the natural unemployment rate, real GDP is ________ potential GDP
A) greater than B) unrelated to C) not comparable to D) equal to E) less than
The GDP deflator is equal to
A) nominal GDP divided by real GDP. B) real GDP divided by nominal GDP, multiplied by 100. C) real GDP divided by nominal GDP. D) nominal GDP divided by real GDP, multiplied by 100.
According to Thorstein Veblen, a successful businessman would be most likely to demonstrate his worth to others by:
A. purchasing tasteful pieces of art and enjoying them only in private. B. avoiding vulgar displays of wealth such as mansions and expensive cars. C. buying expensive jewels for his trophy wife and showing her off at parties. D. anonymously giving financial support to worthwhile charitable organizations.
Increase the number of patients we see by 10% within the next twelve months.
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