The Millennium Poverty Goal is the United Nations' goal of reducing the global rate of extreme poverty to ________ percent by 2015.
A. 0
B. 5
C. 15
D. 10
Answer: C
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In order to measure gross domestic product, we can follow
A) three approaches: the expenditure approach, the income approach, and the production approach. B) only one approach: the circular flow approach. C) two approaches: the expenditure approach and the income approach. D) only one approach: the national accounts approach. E) three approaches: the expenditure approach, the income approach, and the market-based approach.
Firms are "price makers" if they
A) have sufficient market power to set their product price. B) make the market price their product price. C) make their product price competitive. D) None of the above
Which of the following is true? a. Real GDP equals nominal GDP divided by the current price level index, times one hundred
b. In periods of inflation, real GDP growth will tend to be greater than nominal GDP growth. c. In a country with a growing population, real GDP could be falling at the same time that real GDP per capita was rising. d. Marrying one's housekeeper would leave reported GDP unchanged.
What amount of money was appropriated by Congress for fiscal stimulus bill of 2009?
a. $225 billion b. $252 billion c. $700 billion d. $787 billion