What is the real GDP in year 1 using base year 1?
A) $418.
B) $300.
C) $360.
D) $338.
B
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Limited personal liability is an advantage for
A) sole proprietorships and partnerships. B) partnerships and corporations. C) sole proprietorships and corporations D) corporations.
A price index:
A. measures how much the cost of a market basket has risen or fallen relative to the cost in a base time period. B. summarizes the changes in the cost of living for only rural consumers. C. allows us to see clearly the changes in the cost of a market basket daily. D. is generally only used with consumer goods and services
The measured distribution of income today appears more unequal than in the 1950s partly because of: a. an increase in the rate of divorce
b. an increase in the number of two-income families. c. a reduction in the divorce rate. d. both (a) and (b).
What positive role can government play in fostering economic growth in developing countries?
What will be an ideal response?