For a nation's real GDP per capita to rise during a year,
A. population must increase more rapidly than real GDP.
B. real GDP must increase more rapidly than population.
C. investment spending must increase.
D. consumption spending must increase.
Answer: B
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Refer to Table 2.4. What can be observed about the given resources?
A) Land is fixed but fertilizer is variable. B) Land and fertilizer are both fixed. C) Land is variable but fertilizer is fixed. D) Land and fertilizer are both variable.
$1 received n years from now has a value today of
A) ($1 + i)/i. B) $1/(1 + i). C) ($1 + i /i. D) $1/(1 + i .
The Fed raised interest rates in 2004 and 2005 . This implies, other things the same, that the Fed
a. increased the money supply because it was concerned about unemployment. b. increased the money supply because it was concerned about inflation. c. decreased the money supply because it was concerned about unemployment. d. decreased the money supply because it was concerned about inflation.
Which of the following is not a typical justification for running a budget deficit?
a. financing a war b. dealing with a recession c. fighting inflation d. dealing with unemployment