Which of the following statements is true of an appropriate data set?
A. An appropriate data set should be collected from government registered websites.
B. An appropriate data set should have enough controls to do a reasonable ceteris paribus analysis.
C. An appropriate data set should not have time series units.
D. An appropriate data set should not be based on surveys.
Answer: B
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The growth rate of real GDP per person equals the
A) population growth rate plus the growth rate of real GDP. B) change in the economic growth rate divided by the change in the population growth rate. C) the economic growth rate per person divided by the change in the population growth rate. D) growth rate of real GDP minus the growth rate of the population. E) population growth rate plus the growth rate of real GDP then divided by the initial level of real GDP.
In a Lorenz diagram for income, the line of equality shows
A) the most equitable income distribution. B) how unequally incomes are distributed. C) how much redistribution occurs. D) the income distribution if everyone received the same income.
Without reinsurance, insurance companies would be less likely to insure
A. against auto accidents. B. against home fires. C. against home burglaries. D. homes in hurricane prone areas.
Workers who lose their jobs because of a recession are experiencing
What will be an ideal response?