Since 1990, a major industrial country with the lowest growth rate in per capita GDP has been _____
a. West Germany
b. Italy
c. The United States
d. Great Britain
e. Canada
b
You might also like to view...
If households consume less at each level of disposable income, they are
A. working less. B. saving more. C. spending more. D. saving less.
Refer to the scenario above. Identify the correct statement
A) Mike should work in the restaurant as well as in the bar. B) John should work in the restaurant as well as in the bar. C) John should specialize in waiting on the customers in the restaurant. D) Mike should specialize in waiting on the customers in the restaurant.
Ashton has the utility of wealth curve shown in the above figure. Ashton owns a sports car worth $30,000, and that is his only wealth. Ashton is a careless driver and there is a 30 percent chance that he will have an accident within a year
If he does have an accident, his car is worthless. Suppose all sports cars owners are like Ashton. An insurance company agrees to pay each person who has an accident the full value of their car. The company's operating expenses are $1,000. What is the minimum insurance premium that the company is willing to accept? A) $3,000 per year B) $6,000 per year C) $10,000 per year D) $15,000 per year
What is the macroeconomic consequence if firms accumulate large amounts of unplanned inventory at the beginning of a recession?
What will be an ideal response?