If you divide nominal debt by nominal GDP and real debt by real GDP, you will get two different answers
a. True
b. False
B
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The larger the group, the more diffuse responsibility is
Indicate whether the statement is true or false
In which of the following situations would a positive externality most likely be involved?
A. Shawn is sitting at home one day when she gets a telephone call, informing her that she has won $10,000 in a contest she entered three months ago. B. There are eight houses in the neighborhood where Rodney lives. Rodney likes nice-looking yards, and last week his neighbors began to beautify their yards. C. Willy needs eight hours of sleep each night to feel good. Last night he got eight hours of sleep. D. Patrick received an A on a biology exam. He is feeling better about his chances of getting admitted to medical school.
A variable that tends to move at the same time as aggregate economic activity is called
A) a leading variable. B) a coincident variable. C) a lagging variable. D) an acyclical variable.
If population grows faster than GDP, then per capita GDP must fall
a. True b. False Indicate whether the statement is true or false