Nominal GDP is a measure of GDP that adjusts for price changes.
Answer the following statement true (T) or false (F)
False
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Although Progresa/Oportunidades has been successful in Mexico, why might a similar program not work elsewhere?
What will be an ideal response?
Which of the following events is the most likely to create stagflation?
a. An increase in the money supply. b. A reduction in the amount spent on national defense. c. A doubling of oil prices. d. A decrease in investment spending.
Consider the following information regarding a person's decision to go to college: college tuition is $20,000 per year, room and board is $10,000 per year, and books and materials are $2,000 per year. Suppose that instead of going to college this person could have earned $18,000 working in a store. An economist would calculate the cost of going to college as
a. $20,000. b. $30,000. c. $32,000. d. $50,000. e. $18,000.
When the price of home delivered pizza falls, the demand Question 5 options:
A. for frozen pizza decreases. B. curve for home delivered pizza shifts leftward. C. curve for frozen pizza shifts rightward. D. for frozen pizza increases.