If 
j, an unbiased estimator of 
j, is also a consistent estimator of 
j, then when the sample size tends to infinity:
A. the distribution of 
j collapses to a single value of zero.
B. the distribution of 
j diverges away from a single value of zero.
C. the distribution of 
j collapses to the single point 
j.
D. the distribution of 
j diverges away from 
j.
Answer: C
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In the Keynesian model, consumption depends on:
A. the natural rate of unemployment. B. potential output. C. disposable income. D. whether the government has a budget surplus or deficit.
During 2012, a country has consumption expenditures of $3.0 trillion, investment expenditures of $1.5 trillion, government expenditure of $1.5 trillion, exports of $1.0 trillion, and imports of $1.5 trillion
Aggregate expenditure for the country is A) $5.5 trillion. B) $6.5 trillion. C) $6.0 trillion. D) $8.5 trillion. E) $7.0 trillion.
According to the text, data supports the conclusion that lower trade barriers
A) help boost per capita real Gross Domestic Product (GDP) growth. B) help to increase welfare payments. C) decrease the standard of living in the country. D) decrease life expectancy.
An example of an implicit cost is
A. a business using a building owned by the business owner. B. the payment of interest on a bond. C. payment of a salary to a CEO of a company. D. a payment to a resource owner.