The real GDP per capita allows economic comparison between countries.
Answer the following statement true (T) or false (F)
True
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The average propensity to consume is
A) real consumption expenditures divided by real saving. B) real saving divided by real consumption expenditures. C) real consumption expenditures divided by real disposable income. D) real disposable income divided by real consumption expenditures.
Which of the following is an appropriate fiscal policy response to high inflation?
a. increase interest rates b. increase government purchases c. decrease taxes d. none of the above
Which of the following explains the slope of the demand curve for labor?
a. the marginal productivity theory b. the law of diminishing marginal product c. the practice of featherbedding d. the result of monopsony
The Fed
A. lends money to the public. B. lends money to foreign governments. C. issues deposits to the public. D. clears inter-bank payments.