C + i + g = gdp + m – x
Indicate whether the statement is true or false
T
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Explain the connection between opportunity cost and the PPF
What will be an ideal response?
YearReal GDP (in billions of 2005 Dollars)Population (in Millions of People)1999$10,780279.632000$11,226282.4 Refer to Table 9.1. What was the growth rate of real GDP between 1999 and 2000?
A. 2.6% B. 1.1% C. 4.1% D. 3.0%
M3 is an example of a Federal Reserve
A) directive. B) tool. C) intermediate target. D) operating target.
Your father tells you he earned $3.00 per hour when he was 16 in 1977; you remember making $6.00 per hour when you were 16 in 1999 . Given that the CPI was 36.7 in 1977 and 166.1 in 1999, which of the following is the 1999 real equivalent of your father's hourly earnings when he was 16?
a. $4.48 b. $6.78 c. $13.58 d. $15.01