Suppose that the share of population employed in Country C is 50 percent, and that Countries C and D have the same real GDP per capita. Based on the information in the table, what share of Country D's population must be employed?CountryPopulation (millions)Average Labor Productivity ($)A1002,000B15010,000C7525,000D25050,000E9560,000
A. 100.0 percent
B. 75.0 percent
C. 12.5 percent
D. 25.0 percent
Answer: D
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Refer to the above figure. The figure represents the consumption function for a consumer. Point A represents
A) positive saving. B) negative consumption. C) autonomous consumption. D) zero saving.
How would the Fed's changing the discount rate affect the money supply?
What will be an ideal response?
Refer to Figure 17-9. Fed Chairman Paul Volcker's response to the ________ of the late 1970s is depicted in the figure above as a movement from C to D to A
A) appreciation of the dollar B) deflation C) high inflation D) high unemployment
Refer to the information provided in Figure 2.6 below to answer the question(s) that follow.
Figure 2.6Refer to Figure 2.6. Which of the following will shift an economy's production possibility frontier from ppf2 to ppf1?
A. a decrease in the economy's capital stock B. a change in consumer's tastes C. an increase in production efficiency D. economic growth