The percentage change in real GDP from one period to another is called
A. Nominal GDP.
B. Real GDP.
C. The growth rate.
D. GDP per capita.
Answer: C
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The free-rider problem faced by private information-collection firms results in their
A) usually going out of business within a few years. B) collecting less than all the available information about the firms they investigate. C) being plagued by lawsuits. D) charging fees higher than can be justified by market conditions.
Fixed cost is sometimes called
a. total cost b. sunk cost c. variable cost d. marginal cost e. average total cost
Which of the following is correct?
a. Typically more than one-third of the unemployed are new entrants into the job market. b. Most spells of unemployment are short. c. Most unemployment observed at any time is long term. d. All of the above are correct.
Holding constant risk and the real returns available abroad, lower domestic real interest rates ________ capital inflows, ________ capital outflows, and ________ net capital inflows.
A. increase; decrease; increase B. decrease; increase; decrease C. increase; increase; decrease D. increase; increase; increase