The statistical discrepancy account:
a. accounts for services.
b. accounts for gifts to foreigners.
c. is included to ensure a balance between debits and credits in the capital account.
d. estimates transactions that were omitted from the official reporting process.
e. causes the net balance in the balance of payments to be negative.
d
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Indicate whether the statement is true or false
Suppose that the consumer price index at year-end 2010 was 180 and by year-end 2011 had risen to 189 . What was the inflation rate during 2011?
a. 4.8 percent b. 5 percent c. 6 percent d. 9 percent
In a very basic principal-agent model, output is contractible if:
A. the employee works in a team. B. the employee produces many products. C. output can be observed with some positive cost. D. the employee produces a single output.
The number of people employed in the competitive market depicted in Figure 30.2 at a wage of $20.00 per hour is
A. 160. B. 192. C. 180. D. 0.