The price elasticity of supply is calculated by:
A. dividing the percentage change in quantity supplied by the price.
B. dividing the percentage change in income by the percentage quantity supplied.
C. dividing the percentage change in price by the percentage quantity supplied.
D. dividing the percentage change in quantity supplied by the percentage change in price.
Answer: D
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a. True b. False Indicate whether the statement is true or false
When Mother Theresa won the Nobel Peace Prize, the monetary award was well in excess of $100,000 . Did she accept the money? If so, what did she do with it?
Adding together the growth rate of labor input and the growth rate of labor productivity yields the growth rate of
A. nominal GDP. B. actual GDP. C. potential GDP. D. final GDP.
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