Which of the following statements regarding U.S. economic growth is NOT correct?
A) Over the past 100 years, on the average real GDP per person grew 2 percent a year.
B) The average annual growth rate of real GDP per person in the United States was rapid during World War II.
C) In the 1930s, real GDP fell well below its trend.
D) The growth rate of real GDP per person accelerated between 1973 to 1984.
D
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Since individual consumers do not know how much of the price they pay for a commodity is due to trade protection, consumers rarely lobby their political representatives to eliminate protection and reduce prices
a. True b. False Indicate whether the statement is true or false
Which of the following would most likely cause a nation's currency to appreciate?
a. an increase in inflation of the nation's trading partners b. an increase in the nation's domestic inflation rate c. a decrease in domestic real interest rates d. an increase in real interest rates abroad
In Figure 32.1, at the supported price-quantity combination where production is unlimited, and government buys the excess, the value to consumers is 
A. 0P*CQ*. B. 0HCQ*. C. 0ABQD. D. 0PfloorBQD.
The present value of $1 received n years from now is found by dividing 1 by _______.
Fill in the blank(s) with the appropriate word(s).