Which of the following is not among the factors that influence economic growth?
a. Increase in employment
b. Growth in physical capital stock
c. Technological progress
d. Lower government debt
e. An efficient political and legal system
D
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Which of the following are theories of the BOT?
A) monetary approach B) absorption approach C) elasticities approach D) Both B and C
Each month the Bureau of Labor Statistics (BLS) surveys __________ in order to report the number of jobs created.
a. about 140,000 households b. about 60,000 households c. about 140,000 businesses and government agencies d. about 60,000 businesses and government agencies
Suppose that a labor union leader is trying to bargain for an increase in union workers' real wages of 5 percent. If he expected the price level to rise at a rate of 3 percent this year, how much would nominal wages need to increase for him to accomplish his objective?
a. 2 percent b. 3 percent c. 5 percent d. 8 percent e. 15 percent
If the market basket of goods and services that the Commerce Department uses to calculate the CPI were to decline from $30,000 in the base year to $15,000 in the current year, the current year's CPI would be
A. 300. B. 150. C. 100. D. 50. E. 0.