Per-capita growth is the growth rate of output per person in the economy.
Answer the following statement true (T) or false (F)
True
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Refer to Figure 11-1. In a diagram that shows the marginal product of labor on the vertical axis and labor on the horizontal axis, the marginal product curve
A) never intersects the horizontal axis. B) intersects the horizontal axis at a point corresponding to the 5th worker. C) intersects the horizontal axis at a point corresponding to the 6th worker. D) intersects the horizontal axis at a point corresponding to the 8th worker.
A ________ makes investment in established businesses which are publicly traded and takes them private
A) sovereign wealth fund B) capital buyout fund C) hedge fund D) venture capital fund
A swap designed to compensate for mismatched securities is a type of __________ called a __________ swap
A) speculation; currency B) speculation; generic C) hedging; London D) hedging; plain vanilla
The Department of Commerce sums the payments made to resources to arrive at GDP in the form of wages, rents, interest, profits, indirect taxes, and depreciation. This method of deriving GDP is called the:
a. opportunity cost approach. b. income approach. c. expenditure approach. d. monetarist approach.