The social well-being of a country
A. Is best measured by per capita GDP.
B. Is measured by more than changes in real GDP.
C. Always increases when real GDP increases.
D. Decreases when real GDP decreases.
Answer: B
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The investment demand curve indicates that there is a(n):
A. positive relationship between the real interest rates and the level of investment spending, all other things equal. B. inverse relationship between the real interest rates and the level of investment spending, all other things equal. C. inverse relationship between the determinants of investment and the level of investment spending, holding interest rates constant. D. direct relationship between the real interest rates and the level of investment spending, all other things equal.
The supply of loanable funds is from
A) firms and the government if it has a budget deficit. B) households and the government if it has a budget deficit. C) firms and the government if it has a budget surplus. D) households and the government if it has a budget surplus. E) households and firms.
If there is no Ricardo-Barro effect, the government
A) only affects the demand for loanable funds curve in the loanable funds market. B) has no effect because private saving changes to offset the effect that the government's budget deficit or surplus might otherwise have. C) plays no direct role in the loanable funds market because it doesn't affect either the demand for loanable funds or the supply of loanable funds. D) increases the supply of loanable funds if it has a budget surplus and shifts the supply of loanable funds curve. E) always has negative saving and therefore lowers the real interest rate.
Using the SSNIP test, if two firms merge and the result is that the new, merged firm can raise the price of its product by ________ percent for ________ year(s), then the product the merged firm produces represents a market.
A) one; five B) five; five C) five; one D) one; one