A country with a high GDP per capita can be classified as an industrially advanced country (IAC) regardless of its industrial development
a. True
b. False
Indicate whether the statement is true or false
False
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How does the break-even inflation rate differ from the expected inflation rate as measured in surveys?
A) They are very close to each other. B) The break-even inflation rate varies less than the expected inflation rate from surveys. C) The break-even inflation rate varies more than the expected inflation rate from surveys. D) The break-even inflation rate is always several percentage points higher than the expected inflation rate from surveys.
Per capita GDP will definitely increase if
A. Population increases more rapidly than GDP. B. GDP and population increase at the same rate. C. Population and GDP decrease at the same rate. D. GDP increases more rapidly than population.
The above figure shows the U.S. market for flip-flops. With international trade, the equilibrium price in the United States is ________ and the United States ________ flip-flops
A) $12; imports B) $12; does not trade C) $12; exports D) $14; imports E) $14; does not trade
The function that shows the inverse relationship between planned consumption and investment spending and the real interest rate, all else constant, is called the:
A) interest-related expenditure function. B) aggregate expenditure function. C) consumption function. D) investment function.