Health care expenditures in the U.S. made up approximately ____ of the total value of the GDP in 2010
a. 20.1 percent
b. 17.9 percent
c. 13.5 percent
d. 9.8 percent
b
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The level of real GDP in the long run is
A) potential GDP. B) determined solely by aggregate demand. C) affected by changes in the price level. D) the same as the level of nominal GDP in the long run.
If a share of stock in Skylight Chili sells for $75, the retained earnings per share are $5, and the dividend per share is $2, then the price-earnings ratio is 15
a. True b. False Indicate whether the statement is true or false
When an international financial crisis occurs
A. financial flows can slow to a trickle, influencing economic growth. B. there are no serious financial effects that last more than a few months. C. investors sell off bonds and restrict loans as a mechanism to help the country recover. D. financial lenders protect their investments by pouring money into the ailing country.
The diagram shows the short-run average total cost curves for five different plant sizes of a firm. The position of these five curves in relation to one another reflects:
A. economies and diseconomies of scale.
B. the effect of fixed costs on ATC as output increases.
C. the law of constant costs.
D. the law of diminishing returns.