If a hotel room priced at 120,000 Venezuela bolivar per night can be purchased for 80 U.S. dollars, the exchange rate is:
a. 9,600 bolivar per dollar. b. 1,500 dollars per lira.
c. 1,500 bolivar per dollar. d. .00066 bolivar per dollar.
c
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Which of these is one of the major reasons for rapid increases in health care spending in the United States?
A. A decrease in the number of malpractices among doctors. B. Advances in medical technology and new prescription drugs are higher cost. C. There are high rates of labor productivity growth in health care.
[NeedAttention]
Exhibit 30-4
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Data analysis or interpretation mistakes (that econ can help one avoid)
What will be an ideal response?
If GNP is $200 billion, receipts of factor income from the rest of the world are $10 billion, and payments of factor income to the rest of the world are $30 billion, then GDP is
A. $160 billion. B. $210 billion. C. $220 billion. D. $240 billion.