A purchasing power parity index would help you
A. identify those goods and services that are becoming relatively more important in chain-weighted GDP.
B. estimate the growth rate of U.S. personal income.
C. make international comparisons of living standards.
D. predict changes in U.S. real GDP.
Answer: C
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In the United States, commercial banks supply about ________% of total credit to nonfinancial businesses
A) 20 B) 75 C) 50 D) 90
Which of the following statements about a firm's demand curve for labor is true?
a. It shows the relationship between the price of output and the quantity of output demanded. b. It usually has a negative slope. c. It is perfectly inelastic. d. It is derived from the labor supply curve. e. It is parallel to the demand curve for the firm's product.
Consider the labor market for nurses, which initially is in equilibrium. Suppose the output price for nursing services increases. Holding all else equal, what effect will this have on the labor market for nurses?
a. The equilibrium wage will increase, and the equilibrium quantity of nurses will increase. b. The equilibrium wage will increase, and the equilibrium quantity of nurses will decrease. c. The equilibrium wage will decrease, and the equilibrium quantity of nurses will increase. d. The equilibrium wage will decrease, and the equilibrium quantity of nurses will decrease.
Which of the following is closest to the future value of a $4,000 deposit earning 2 percent interest annually after 10 years?
A. $4,876 B. $4,122 C. $4,805 D. $5,025