One of the most centrally planned economies in the world today is found in
a. the United States
b. Germany
c. Canada
d. Japan
e. North Korea
E
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In 2011, Armenia had a real GDP of approximately $4.21 billion and a population of 2.98 million. In 2012, real GDP was $4.59 billion and population was 2.97 million. Armenia's real GDP per person in 2012 was
A) $1,545. B) $380. C) $1,413. D) $132.
Which of the following is NOT an important source of revenue for the federal government?
A) individual income taxes B) property taxes C) social insurance taxes and contributions D) corporate income taxes
In the short run, an unexpected increase in the inflation rate leads to.
A) A higher unemployment rate. B) A decrease in aggregate demand. C) A lower unemployment rate. D) Workers thinking the money wage rate has fallen.
Some data that at first might seem puzzling: The share of GDP devoted to investment was similar for the United States and South Korea from 1960-1991 . However, during these same years South Korea had a 6 percent growth rate of average annual income per person, while the United States had only a 2 percent growth rate. If the saving rates were the same, why were the growth rates so different?