If population growth is greater than the growth of real output
A) real per capita Gross Domestic Product (GDP) growth will be less than the growth of real Gross Domestic Product (GDP).
B) the production possibilities curve is shifting to the left.
C) real per capita Gross Domestic Product (GDP) growth will be greater than the growth of real Gross Domestic Product (GDP).
D) real per capita Gross Domestic Product (GDP) and real Gross Domestic Product (GDP) will be growing at the same rate.
A
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Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called
a. the natural rate of unemployment. b. cyclical unemployment. c. structural unemployment. d. frictional unemployment.
Which of the following should be included in U.S. GDP?
A. a 3D television manufactured in Thailand and sold in the United States B. a 3D television manufactured in Thailand by a U.S. firm and sold in the United States C. a 3D television manufactured in the United States and sold in Thailand D. a used 3D television manufactured in the United States and sold in Thailand
Increases in the federal budget deficit from 2007 to 2009 were caused:
A. exclusively by the loss of tax revenue due to recession. B. exclusively by expansionary fiscal policy, as shown through growth in the cyclically adjusted deficit. C. primarily by a combination of recession and expansionary fiscal policy. D. primarily by increased outlays to a rapidly growing number of Social Security recipients.
Health insurance plans which typically reimburse doctors mainly by paying a flat fee per patient are known as
A) fee-for-service plans. B) preferred provider organizations. C) single-payer health care systems. D) health maintenance organizations.