Suppose the balance on the financial account is +$200 billion and the balance on the capital account is +$2 billion. The size of the current account is:
A. +$200 billion.
B. -$202 billion.
C. -$198 billion.
D. +$2 billion.
B. -$202 billion.
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Suppose the current unemployment rate is 5 percent, the labor force is 400 million people, the labor force participation rate is 80 percent and the working-age population is 500 million people. What number of people are unemployed?
What will be an ideal response?
_____ income will be effected if the change in the price level differs from the change in a person's nominal income
Fill in the blank(s) with the appropriate word(s).
Refer to Exhibit 2-7. For which of the following is the statement "In order to get more military goods, we have to forfeit some civilian goods" true?
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Assume that both the corporate and noncorporate sectors are in long-run equilibrium before the imposition of a corporate profits tax. In the short run, the imposition of a corporate profits tax will ________ profits in the noncorporate sector, but ________ profits in the corporate sector.
A. decrease; increase B. increase; decrease C. not change; not change D. not change; decrease