The growth of the labor force and the growth of labor productivity help determine the rate of GDP growth.
Answer the following statement true (T) or false (F)
True
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Suppose that a price index in Paraguay was 131 in 2015 and 152 in 2016. The inflation rate between those two years was approximately
A) 10.5 percent. B) 11.6 percent. C) 16 percent. D) 21 percent.
What is an entrepreneur?
What will be an ideal response?
Firm X is producing 1000 units, selling them at $15 each. Variable costs are $3 per unit and the firm is making an accounting profit of $3000 . What is the firm's total costs?
a. $10,000 b. $11,000 c. $12,000 d. $13,000
The table gives data on interest rates and investment demand (in billions of dollars) in a hypothetical economy.
Refer to the above table. Using the Id1 schedule, assume that the government needs to finance the public debt and this public borrowing increases the interest rate from 3% to 4%. How much crowding out of private investment will occur?
A. $100 billion
B. $200 billion
C. $600 billion
D. $700 billion