If U.S. real GDP grew from $12 trillion one year to $12.7 trillion the next, the annual growth rate would be:
A. 5.8 %
B. 94.4 %
C. 105.8 %
D. 5.5 %
A. 5.8 %
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A bank is solvent when:
A) its stockholders' equity exceeds the value of its assets. B) the value of its liabilities exceeds its stockholders' equity. C) the value of its total assets exceeds the value of its liabilities. D) the value of its liabilities exceeds the value of its assets.
"Turnover" unemployment is another name for ________ unemployment
A) frictional B) structural C) cyclical D) natural
For there to be positive network externalities
A) there must be a direct size effect. B) there must be an indirect size effect. C) introductory prices are required. D) None of the above.
Initial studies of new Keynesian inflation dynamics indicated that the average price-adjustment intervals in the United States was as long as
A) 6 months. B) 12 months. C) 2 years. D) 4 years.