In which year did GDP growth in Greece fall below -6 percent?
A. 2003
B. 2009
C. 2005
D. 2011
Answer: D
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When the real interest rate rises, there is
A) neither a shift of the consumption function nor a movement along the consumption function. B) a downward shift of the consumption function. C) a downward movement along the consumption function. D) an upward shift of the consumption function. E) an upward movement along the consumption function.
Marginal utility can be objectively measured and compared from one individual to another
a. True b. False
We can calculate how long a country will take to double its real GDP per capita using:
A. the GDP growth estimator. B. its GDP deflator. C. its average growth rate. D. the CPI indexation factor.
The real exchange rate:
A. uses the price level in each country to convert the exchange rate into a value that is in "real" terms. B. expresses the value of goods in one country in terms of the same goods in another country. C. is the nominal exchange rate adjusted for purchasing power parity. D. All of these statements are true.