If the Consumer Price Index was 165 in one year and 175 in the next year, then the rate of inflation from one year to the next was approximately:
a. 4.3 percent
b. 5.7 percent
c. 7.5 percent
d. 6.1 percent
d. 6.1 percent
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Why is growth in GDP different from growth in a nation's standard of living? Is it possible for a nation's GDP to grow while its standard of living falls?
What will be an ideal response?
Historical evidence supports which of the following claims? econ
A. Aid from developed countries to less developed countries has not always resulted in sustained growth for the less developed countries. B. Only the less developed countries that have received aid from the wealthy countries have succeeded in achieving sustained growth. C. Sending financial resources to developing countries has helped them all achieve sustained growth.Building capital in the developing countries has helped them all achieve sustained growth. D. Developed countries should not send any more aid to less developed countries because the effort has never resulted in sustained growth.
Recall the Application about the policies used by the European Union to support the agricultural sectors of is member countries to answer the following question(s). According to this Application, in recent years the European Union has reformed its agriculture policies by reducing or eliminating minimum prices. Ceteris paribus, these policy reforms would ________ excess supply by ________ prices.
A. reduce; raising B. reduce; lowering C. increase; raising D. increase; lowering
Answer the following statement(s) true (T) or false (F)
In the United? States, a patent gives the inventor of a product the exclusive right to? make, use, or sell the product for 50 years.