Between 1961-2011 about How much did Canadian real GDP per capita change per year?
What will be an ideal response?
2.1%
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Historic data indicate that there is usually a ________ relationship between trade deficits and federal government budget deficits
A) negative B) zero C) positive D) fluctuating
Which of the following is true of transfer programs? a. They involve redistributing income from lower-income individuals to higher-income individuals. b. They place a high implicit tax on work
c. They increase the opportunity cost of leisure. d. They indirectly help in decreasing the unemployment rate in an economy. e. They result in an increased productivity of labor and a rise in the total output of an economy.
As a result of an increase in a product's price: a. product supply increases
b. product supply decreases. c. product supply does not change, but quantity supplied increases. d. the impact on product supply is uncertain. Economic theory has no answer to this question.
A nation's saving equals its ________ income less its spending on ________.
A. real; investment B. nominal; net taxes C. nominal; investment D. current; current needs