If the spending multiplier is 3 and the desired amount of increase in real GDP is $90 million, then by how much would government spending have to increase??
A. ?$270 million.
B. ?$90 million.
C. ?$30 million.
D. ?$0.
Answer: C
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In the table above, the size of the labor force is
A) 80 million. B) 46 million. C) 42 million. D) 40 million. E) 34 million.
A textile manufacturing unit faces low productivity due to shirking by workers. Which of the following is a possible solution to increase productivity and retain employees?
A) The provision of a lower real wage B) The provision of a lower nominal wage C) The provision of minimum wages D) The provision of efficiency wages
In the above figure, a single-price monopolist charges a price of ________ and the equilibrium competitive price is ________
A) $10; $20 B) $20; $30 C) $30; $20 D) $30; $10
Economists usually suggest that the best way to examine the deficit is by expressing it:
A. as a percentage of GDP. B. in real terms. C. in nominal terms. D. None of these is true.