Lower levels of education and training are often associated with low levels of
A. production.
B. productivity.
C. inflation.
D. both a and b.
Answer: D
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A) increase from 2.55 to 2.8 B) decrease from 2.8 to 2.55 C) increase from 1.82 to 2 D) decrease from 2 to 1.82
European Vacation After staying around 1.35 US dollars per Euro for years, the exchange rate fell below 1.25 US dollars to a euro during the summer of 2014 . What affect does this have on tourism in Europe?
If nominal GDP in 2011 is greater than nominal GDP in 2010, the economy's real output of goods and services must have risen
a. True b. False Indicate whether the statement is true or false
Suppose a taxpayer has an income of $120,000 and a taxable income of $80,000, and pays $20,000 in taxes. If the taxpayer says she is taxed at a 25 percent tax rate, she is referring to the
A. Effective tax rate. B. Marginal tax rate. C. Nominal tax rate. D. Average tax rate.