Which of the following industrial countries experienced a relatively slower growth of real GDP in the latter half of the 1990s?
a. Canada
b. United States
c. Italy
d. France
e. Japan
e
You might also like to view...
What does a budget constraint represent? How do budget constraints explain the trade-offs that consumers face?
What will be an ideal response?
Which of the following is not equal to the others in equilibrium?
A) the real wage B) the marginal rate of substitution between leisure and consumption C) the marginal product of labor D) the price of consumption
Which one of the following accounting identities is TRUE?
A. National income plus profit equals personal income. B. Disposable personal income plus non-income expense items equals personal income. C. Disposable personal income plus indirect business taxes equals personal income. D. Disposable personal income plus personal income taxes equals personal income.
Comparing GDP across countries is unrealistic unless we make adjustment in exchange rates to take into account differences in the cost of living via
A. real GDP. B. price index. C. international GDP. D. purchasing power parity.