Which of the following is the most frequently used parameter when comparing two economies?
a. Nominal GDP
b. Real GDP
c. Per capita real GDP
d. Currency adjusted GDP
c
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In 2014, the largest exporter in the world was
A) Japan. B) the United States. C) Germany. D) China.
The division of the burden of a tax between buyers and sellers in a market is called tax allocation
Indicate whether the statement is true or false
A consumer's indifference curves can never cross
Indicate whether the statement is true or false
If the CPI overstates the true rate of inflation, then
a. the economy will grow more slowly than if inflation was measured accurately b. the economy will grow more rapidly than if inflation was measured accurately c. social security payments will increase in real terms d. social security payments will decrease in real terms e. so will other means of measuring the inflation rate