One World View article is titled "Comparative Macro Performance." According to the text, of the six countries listed, ________ experienced the fastest growth in real GDP.
A. The United Kingdom
B. Canada
C. Japan
D. The United States
Answer: B
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The GDP deflator in year 2 is 105, using year 1 as the base year. This means that, on average, the cost of goods and services is
A) 5% higher in year 2 than in year 1. B) 105% higher in year 1 than in year 2. C) 105% higher in year 2 than in year 1. D) 5% higher in year 1 than in year 2.
The IMF, because it can force nations to take loans and bail out packages, has more power than other international governmental organizations dealing with the global economy
Indicate whether the statement is true or false
If the price of gold becomes less volatile, then, other things equal, the demand for stocks will ________ and the demand for antiques will ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
The opportunity cost of deficit spending is likely to be low: a. only when it creates new physical capital
b. only when it creates new human capital. c. only when it improves existing physical capital. d. only when it improves existing human capital. e. when it creates or improves physical or human capital.