GDP per capita provides a reasonably accurate measurement of a country's income distribution
a. True
b. False
Indicate whether the statement is true or false
False
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Over the last 140 years or so, on average Canada's real GDP per-person grew faster than that of the U.K
a. True b. False Indicate whether the statement is true or false
Human capital is
A. The ratio of labor to capital. B. The knowledge and skills possessed by the labor force. C. Able to increase only if the labor force grows. D. Insignificant in productivity advances.
Which would cause a leftward shift in the supply curve for telephone service?
a. A decrease in the price of telephones b. An increase in the wage of telephone workers c. An increase in consumer incomes in the economy d. An improvement in telephone technology
The years 2002 through 2007 can be described as a period of
A. falling output accompanied by increasing inflation. B. falling output accompanied by decreasing inflation. C. rising output accompanied by increasing inflation. D. rising output accompanied by decreasing inflation.