Which of the following variables is used to measure economic growth?
A. real GDP per capita
B. nominal GDP per capita
C. nominal GDP
D. real GDP
Answer: A
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If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 12,000 per year, there is a ________ in the market and the price will ________
A) shortage; rise B) shortage; fall C) surplus; rise D) surplus; fall
The CFNAI is a
A) leading index based on variables released with different frequencies. B) coincident index based on variables released with different frequencies. C) leading index based on 85 monthly variables. D) coincident index based on 85 monthly variables.
The Stability and Growth Pact (SGP) of 1997 proposed:
A) only a budgetary surveillance process. B) no sanctions for "excessive deficit procedure." C) signing mandatory pledges to uphold the criteria. D) a budgetary surveillance process and sanctions for "excessive deficit procedure."
All of the following are noncontrollable government expenditures EXCEPT
A. unemployment benefits. B. Medicare. C. Social Security. D. national defense spending.