Refer to the table. The exchange rate is:
Answer the question on the basis of the following table, which indicates the dollar price of libras, the currency used in the hypothetical nation of Libra. Assume that a system of freely floating exchange rates is in place.
A. 4 libras for one dollar.
B. 0.25 libra for one dollar.
C. 0.40 libra for one dollar.
D. 3 libras for one dollar.
B. 0.25 libra for one dollar.
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Developing new products and services as well as introducing new production methods are among the ways that ________ increases average labor productivity.
A. an entrepreneur B. physical capital C. a manager D. human capital
If GDP included the value of leisure time, the value of U.S. GDP would most likely increase
Indicate whether the statement is true or false
Exhibit 36-1 Bond FaceValueof Bond Price ofthe Bond Annual CouponPayment A $1,000 $850 $25 B $1,000 $950 $41 C $1,000 $1,100 $52 D $1,000 $1,100 $32 E $1,000 $1,000 $50 Refer to Exhibit 36-1. The yield on bond E is approximately
A. 37.5 percent. B. 0.38 percent. C. 0.45 percent. D. 5.0 percent.
Many economists maintain that
A. the aggregate supply curve is nearly horizontal at low levels of real GDP. B. the aggregate supply curve is nearly vertical at very high levels of real GDP. C. any change in aggregate demand will have most of its effect on output when economic activity is low but on prices when the economy is near full employment. D. All of these responses are correct.