Each month, how many households does the U.S. Bureau of the Census survey in the Current Population Survey (CPS) in order to determine the unemployment rates?
a. About 140,000 households
b. About 60,000 households
c. About 140,000 businesses and government agencies
d. About 60,000 businesses and government agencies
b. About 60,000 households
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Net exports:
a. will increase if exports of goods decline. b. will increase if imports of goods rise. c. in our GDP accounts permit estimation of foreign ownership of American businesses. d. include budgetary outlays of the federal government. e. is the net effect of the foreign trade sector on GDP.
The linear equation for line (1) on the graph below is:
A. y = 8 + 2x
B. y = 8 + .5x
C. x = 8 + .5y
D. y = 8 - 2x
If in the short run the demand for mass transit is relatively inelastic and in the long run the demand is relatively elastic, then a price ________ will ________ total revenue in the short run but ________ total revenue in the long run.
A. decrease; decrease; decrease B. decrease; increase; decrease C. increase; decrease; increase D. increase; increase; decrease
Refer to the above figure. The equilibrium level of real GDP occurs
A) at point A. B) to the right of point A. C) to the left of point A. D) at the undetermined point on the graph depending upon the level of investment.