Pointy Stone State Park is the sole employer of naturalists in the area. The table above provides information about the supply of naturalists and the value of marginal product of labor for naturalists
On the last naturalist hired, Pointy Stone State Park will earn a profit of A) zero.
B) $100 per week.
C) $150 per week.
D) $200 per week.
C
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From the 1ate 1780s to immediately before the Civil War, the U.S. slave population:
a. increased from roughly 300,000 to over 6 million. b. increased from roughly 600,000 to almost 4 million. c. stayed roughly the same. d. increased by nearly 10 million.
The term ‘u' in an econometric model is usually referred to as the _____.
A. error term B. parameter C. hypothesis D. dependent variable
According to New Keynesians, an increase in which of the following will tend to cause the inflation rate to increase?
A. anticipated future inflation B. an unexpected increase in aggregate demand C. firms' average inflation adjusted per-unit costs of production D. all of these
GDP figures are in billions of dollars.
Refer to the above table. What was real GDP in Year 2?
A.
$4,820 billion
B.
$4,875 billion
C.
$4,911 billion
D.
$5,320 billion