The Producer Price Index (PPI) is a
A. statistical measure of a weighted average of prices of a specific set of goods and services purchased by wage earners in urban areas.
B. price index measuring the changes in prices of all new goods and services produced in the economy.
C. price index that tracks the price levee of commodities that firms purchase from other firms.
D. statistical measure of a weighted average of prices of commodities that firms produce and sell.
Answer: D
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The basic equation for a bank’s balance sheet is ____.
A. assets = liabilities ? net worth B. net worth = assets ? liabilities C. net worth = assets + liabilities D. liabilities = net worth + assets
As the interest rate rises, the present value of a given perpetual stream of income
A) increases. B) decreases. C) does not change. D) approaches infinity.
A study conducted by the Moscow-based management consulting firm Strategy Partners found that average labor productivity in Russia is only 17 percent of labor productivity in the United States. What factors would cause U.S. labor productivity to be nearly size times higher than Russian labor productivity?
A. The size of the civilian labor force is larger in the U.S. B. The size of the civilian labor force is larger in Russia, causing diminishing returns to set in C. The U.S. has more capital available per worker and higher levels of technology D. Russia overall has a smaller capital stock
The natural rate of unemployment is the amount of unemployment
A) associated with the business cycle. B) that exists when the economy goes into recession. C) equal to frictional plus structural unemployment. D) that exists when the economy is in an expansion.