Using the above table, the labor force participation rate is
A. 69.1 percent.
B. 81.8 percent.
C. 65.6 percent.
D. 73.8 percent.
Answer: A
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If the real GDP in Haiti grew at an annual rate of 2 percent and the country's population grew at an annual rate of 4 percent, how long will it take for GDP per capita to double?
A. Approximately 18 years. B. Approximately 36 years. C. It will never double because population is increasing more rapidly than real GDP. D. Approximately 72 years.
The movement of the budget line from BB to bb in the figure suggests that income has:
A. increased and the price of X has decreased.
B. fallen and the price of Y has increased.
C. fallen and the price of Y has decreased.
D. decreased, but there have been no price changes.
Which expression is used to calculate the future value of an amount of money?
A. Present Value x (1 + interest rate)time B. Present Value/(1 + interest rate)time C. Present Value x (1 + time)interest rate D. (1 + interest rate)time/Present Value
Figure 10-18
Beginning from long-run equilibrium at point E1 in , the aggregate demand curve shifts to AD2. The real GDP and price level (CPI) in short-run equilibrium will be
a.
$10 billion and 200.
b.
$10 billion and 150.
c.
$10 billion and 100.
d.
$4 billion and 150.