If depreciation is equal to investment ________
A) capital per-worker rises over time
B) capital per-worker is stable
C) capital per-worker falls over time
D) capital per worker equals saving
B
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Based on the figure above, in which quarter or quarters did a trough occur?
A) between 2013, 2nd quarter to 2014, 2nd quarter B) between 2012, 2nd quarter to 2013, 2nd quarter and also between 2014, 2nd quarter to the end of the figure C) in 2013, 2nd quarter D) in 2014, 2nd quarter E) There are no troughs illustrated in the figure.
By 1910 the top ten industries included printing, malt liquors, tobacco cars and railroad cars. The introduction of these new top ten industries indicated
(a) a shift in consumer preferences toward luxury items. (b) an increase in real incomes in the U.S., permitting people to purchase luxury items. (c) a smaller percentage of total consumption expenditures on essential food, clothing and shelter. (d) all of the above.
The introduction of an overnight delivery service that guarantees the delivery of packages anywhere in the world overnight would increase:
A. the unemployment rate. B. the share of population employed. C. the labor force participation rate. D. average labor productivity.
Explain the real-nominal principle.
What will be an ideal response?