Refer to the table. The level of productivity in the economy is:
Answer the question on the basis of the following information about the relationship between input quantities and real domestic output in a hypothetical economy:
A. 2.
B. .5.
C. 4.
D. 200.
A. 2.
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A count variable refers to a dependent variable that can take on:
A. nonnegative integer values. B. nonnegative fractional values. C. negative fractional values. D. negative integer values.
What is the largest tax in the United States?
What will be an ideal response?
The cyclically adjusted budget tells us:
A. that in a full-employment economy, the federal budget should be in balance. B. that tax revenues should vary inversely with GDP. C. what the size of the federal budget deficit or surplus would be if the economy was at full employment. D. the actual budget deficit or surplus realized in any given year.
A good that has external benefits associated with its production will be
A. overproduced. B. underproduced. C. not produced. D. produced at the optimal level.