Which of the following is most likely to be a major source of growth in per capita GDP?
a. a high investment/GDP ratio
b. a high rate of inflation
c. rapid population growth
d. rapid growth in the money supply
A
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The Taylor rule says that the ________, the lower the federal funds rate
A) higher the volume of bank reserves B) higher the inflation rate C) lower the output gap D) higher the supply of money
Suppose the population of Tiny Town is 100 people and the working age population is 70. If 10 of these people are unemployed, the unemployment rate in Tiny Town is
A) 10 percent. B) 10/70 × 100. C) 10/80 × 100. D) There is not enough information provided to calculate the unemployment rate.
When you work to support your lifestyle, you are making a tradeoff
a. True b. False Indicate whether the statement is true or false
The percentage share of income of the top quintile on curve X is
A. 27.
B. 45.
C. 55.
D. 73.