Refer to the above table. Real GDP in 2019 is
A. 682.9.
B. 700.
C. 717.5.
D. 146.4.
Answer: A
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After researching the effectiveness of child safety seats in reducing the accident death rate of children ages one to four, economist Steven Levitt found that
A) for children under age four, safety seats are safer than any alternative. B) for children under age two, safety seats are safer than any alternative, but beyond age two, they provide no appreciable benefit over standard car seat belts. C) safety seats are actually more dangerous than standard car seat belts for children of any age. D) safety seats provide no appreciable benefit over standard car seat belts for children of any age.
In the short run, a supply shock that shifts the short-run aggregate supply curve leftward ________ real GDP and ________ the price level
A) increases; raises B) decreases; raises C) increases; lowers D) decreases; lowers
If we compare income mobility in relative terms, we would measure whether a person's income:
A. is higher than her parents' income. B. places her higher up in the income distribution than her parents' income. C. is higher at the end of her career compared to the beginning. D. rises with age for all people.
Between 1994 and 2009, the number of welfare recipients in the U.S.:
a. fell by 71%. b. rose by 71%. c. fell by 18%. d. rose by 66%.