In the high-income economies of the world, only about 2% of GDP comes from ______________.
a. manufacturing
b. agriculture
c. services
d. textiles
b. agriculture
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The above table gives data for the nation of Mouseville. There are no imports into or exports from Mouseville. Unplanned inventory changes equal $50 billion when real GDP equals
A) $800 billion. B) $900 billion. C) $500 billion. D) $300 billion. E) $700 billion.
Normative economic analysis tends to
A) generate testable hypotheses. B) include the way someone thinks things should be or ought to be. C) involve descriptive statements. D) lead to empirical testing of data.
If Nepal is a net importer of computers, free trade will hurt the
A. domestic consumers of computers. B. rich citizens of Nepal. C. poor citizens of Nepal. D. domestic producers of computers.
The knowledge and skills that people in the workforce acquire through? education, on-the-job? training, and? self-teaching is referred to as
What will be an ideal response?