Since 1990 the highest economic growth rates in the world have occurred in
A. The United States.
B. Nigeria.
C. India.
D. China.
Answer: D
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Which of the following groups of people is included in the labor force of a country?
A) Part-time paid workers B) Retirees C) Disabled workers who can no longer work D) Adults who are full-time students
The change in consumption divided by a change in income is called the
a. consumption function b. marginal propensity to consume c. marginal propensity to spend d. spending function e. changing propensity to consume
Individual consumers supply ________ and purchase ________.
A. intermediate goods; final goods and services B. final goods and services; factors of production C. factors of production; final goods and services D. national goods and services; factors of production
What does the structural stagnation hypothesis say about how soon the economy will return to its trend growth?
A. The economy has already returned to its previous trend growth rate. B. It will be a long time before the economy returns to its previous trend growth rate. C. The economy will never return to its previous trend growth rate. D. The economy will return to its previous trend growth rate soon.