According to Edward Denison, during the 1929-1982 period, real output grew at an annual rate of
a. 1.4 percent.
b. 0.6 percent.
c. 2.9 percent.
d. just below 1 percent.
e. exactly one-half percent.
C
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Refer to the table above. What is the average (mean) monthly wage?
A) $450 B) $558 C) $612 D) $650
Suppose Hank spends his entire budget buying 2 bagels and 3 cups of coffee each day. Also, suppose the marginal utility of the second bagel is 100 and the marginal utility of the third cup of coffee is 200
Which of the following statements is TRUE? A) Hank is not maximizing his utility. B) Hank will be maximizing his utility as long as the price of a cup of coffee is twice the price of a bagel. C) Hank might be maximizing utility only if the price of a cup of coffee is less than the price of a bagel. D) Hank is not maximizing utility because he is not buying equal amounts of each good.
Comment on the following statement: "In economics, investment means a wide variety of things including purchases of stocks, bonds, and other financial assets."
What will be an ideal response?
The HPAE have been more open to imports than most developing countries
Indicate whether the statement is true or false