Refer to the information above. Which of the following represents the steady-state growth rate of output per worker in this economy?
A) 2%
B) 3%
C) 5%
D) 10%
E) 15%
B
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The figure above shows Sam's budget line. Which of the following equals the slope of Sam's budget line?
A) Y/Pc B) Y/Pg C) (Pc/Pg) D) (Pg/Pc)
Consumption spending is $5 million, planned investment spending is $8 million, unplanned investment spending is -$2 million, government purchases are $10 million, and net export spending is $2 million. What is GDP?
A) $15 million B) $23 million C) $25 million D) $27 million
A necessary condition for a separating equilibrium when workers can use education as a signal of their ability is
A) the high-ability wage is larger than the sum of the degree cost plus the low-ability wage. B) the cost of a degree is larger than the low-skill wage. C) the high-ability wage is smaller than the low-ability wage. D) the high-skill wage is equal to the cost of a degree.
When the government provides loan guarantees and in effect "socializes losses and privatizes gains" of a project or firm, it can lead to a
What will be an ideal response?