Economists usually use real GDP per capita to measure ______.
a. the distribution of income
b. per worker output
c. the standard of living
d. economic growth
d. economic growth
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The principal econometric techniques used in measuring demand relationships are:
a. the standard deviation b. regression c. correlation analysis d. the coefficient of determination e. both b and c
A change in the cost of production will generally prompt a change in _____.
Fill in the blank(s) with the appropriate word(s).
Consider a simple linear regression model, wage = 
+
data-mathml="%3Cmath%20style%3D%22font%2Dfamily%3A%27Times%20New%20Roman%2C%20serif%27%22%20xmlns%3D%22http%3A%2F%2Fwww%2Ew3%2Eorg%2F1998%2FMath%2FMathML%22%3E%3Cmstyle%20mathsize%3D%2215px%22%3E%3Cmsub%3E%3Cmi%3E%26%23946%3B%3C%2Fmi%3E%3Cmn%3E1%3C%2Fmn%3E%3C%2Fmsub%3E%3C%2Fmstyle%3E%3C%2Fmath%3E" src="@@PLUGINFILE@@/ppg__cognero__Ch_02_The_Simple_Regression_Model__media__2178f37b-7097-4048-b5c1-72c13ed8ae28.PNG" style="vertical-align:middle;" />male + u, where male is a binary variable (1 if a person is male, and 0 otherwise). Now suppose that we know being a male means there is a lower probability of attaining higher education, another factor that is also expected to affect wage. Which of the key assumptions made to establish unbiasedness of OLS estimates do not hold? A. Linear in parameters B. Random sampling C. Sample variation in the explanatory variable D. Zero conditional mean
International comparisons of Gross National Income using the concept of purchasing power parity are based upon the
A. relative cost of purchasing a similar market basket of goods. B. relative stock market values in the different countries. C. Gini Index of income disparity in the different countries. D. national unemployment rates in the different countries.