If nominal GDP is $18 trillion and real GDP is $3 trillion, the GDP deflator is
A. 6.
B. 21.
C. 54.
D. 600.
Answer: D
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Comparable worth legislation
A) guide markets toward the economically efficient wage. B) mandate that employers pay the same wages to workers, regardless of their gender, for jobs that have comparable worth. C) will eliminate the earnings gap between men and women. D) mandate that potential employers demonstrate that they are worth the wages they expect to earn.
Which of the following is an advantage of mini-mills over vertically integrated giant mills?
a. The small size of mini-mills ensures economies of scale in steel production. b. The small furnaces used in mini-mills depend less on coal and more on electricity. c. The mini-mills do not require integration of casting and milling activities. d. The small furnaces used by mini-mills can be operated as per the producer's will.
Dewey earned a salary of $75,000 in 2001 and $95,000 in 2006 . The consumer price index was 177 in 2001 and 266 in 2006 . Dewey's 2001 salary in 2006 dollars is
a. $37,711.86. b. $49,906.02. c. $66,750.00. d. $112,711.86.
How much is the percentage of income earned by the highest quintile on Lorenz curve Q?
