A genuine progress indicator (GPI) attempts to:
A. adjust GDP so that it reflects more than just the level of economic activity.
B. develop a new measure that focuses entirely on noneconomic activity.
C. adjust GDP so that it more accurately measures changes in economic activity.
D. not incorporate any measure of economic activity.
Answer: A
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Assume that GDP = $10,000 and the MPC = 0.75. If policy makers want to increase GDP by 30 percent, by how much should they decrease taxes?
A) $300 B) $750 C) $1,000 D) $3,000
The government agency that controls the development and availability of new medical discoveries, including pharmaceutical drugs is
a. the Health Care Financing Administration. b. the Food and Drug Administration. c. the Centers for Disease Control. d. the National Institutes for Health. e. the Federal Emergency Medical Administration.
A contract containing an adjustment provision which allows the supplier to recover a fraction of his additional costs when input prices cross a certain level, is considered efficient because:
a. it reallocates the supplier's risk while checking his activities. b. it reallocates risks completely to the buyers. c. it allows the supplier to take up risks. d. it allows the buyers to partially reallocate their risks.
Beta is
A) is a measure of the overall market's volatility relative to a specific stock. B) is equal to the equity premium. C) a measure of a stocks volatility relative to the market as a whole. D) none of these choices.