What are two “safe” or reasonable conclusions that can be drawn on about the acceleration in productivity growth?
Please provide the best answer for the statement.
First, there seems to be good prospects for a lasting increase in productivity growth because of the expanded use of information technology. Second, it will take time to tell if productivity is lasting because the severe recession of 2007–2009 may have changed the trend.
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The impact of financial markets on the economy comes partly through
A) the substitution effect. B) the wealth effect. C) the international trade effect. D) the travel effect.
The additional output from one more worker is known as
A. marginal physical product. B. marginal revenue product. C. marginal factor cost. D. marginal wage.
Use the figure below to answer the following question.
In the past few years, the demand for donuts has increased. This would be illustrated by a change from
A. point 6 to point 3. B. point 5 to point 2. C. point 4 to point 6. D. point 1 to point 2.
Suppose that the consumer price index of a country was 160 at Year X and 168 at the end of Year Y. What was the country's inflation rate during Year Y?
a. 5 percent. b. 8 percent. c. 60 percent. d. 68 percent.