The rate of growth in real GDP minus the rate of growth of the population is the
A) rate of growth of nominal GDP. B) population growth rate.
C) rate of growth of per capita real GDP. D) unemployment rate.
C
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Sales finance companies
A) purchase accounts receivable of small firms at a discount. B) sell commercial paper and buy long-term corporate bonds. C) take in deposits from savers and buy corporate commercial paper. D) are affiliated with companies which manufacture or sell goods.
The economy moves from point A, where it produces 100 units of X and 200 units of Y, to point B, where it produces 200 units of X and 150 units of Y. It follows that
A) point A is a productive inefficient point. B) point A may be a productive inefficient point. C) point A may be a productive efficient point. D) point B is a productive efficient point. E) b and c
What factors generate economies of scale?
What will be an ideal response?
In a partnership, legal responsibility for all debts is
A. shared by the partners. B. passed to the shareholders. C. handled by the bondholders. D. paid by the principle owner.