Which of the following is a measure of economic growth that is most useful for measuring changes in the overall size of an economy?
A. decreases in the rate of unemployment
B. increases in real GDP
C. increases in real GDP per capita
D. growth in nominal GDP
Answer: B
You might also like to view...
If the cross elasticity of demand for good x with respect to the price of good y is positive, then goods x and y are
A) normal goods. B) inferior goods. C) complements. D) substitutes.
An industry in which an increase in output leads to a reduction in long-run per-unit costs is a(n)
A. increasing-cost industry. B. constant-cost industry. C. break-even cost industry. D. decreasing-cost industry.
Which of the following markets is continuously in operation and not set in a single venue or restricted to certain dates or times?
a. The U.S natural gas industry b. The San Francisco Wholesale Produce Market c. The U.S. real estate market d. An art exhibition
Tools used by economists include
a. historical study. b. mathematical reasoning. c. statistical inference. d. All of the above are correct.