Which of the following counties are largely dependent on trade with the United States?
a. China and Japan
b. U.K. and Germany
c. Canada and Mexico
d. France and Belgium
e. Canada and U.K
c
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In a small economy in 2016, aggregate expenditure was $850 million while GDP that year was $800 million. Which of the following can explain the difference between aggregate expenditure and GDP that year?
A) Aggregate expenditure is always less than GDP in developing countries. B) Aggregate expenditure is always less than GDP in developed countries. C) Firm investment in inventories was less than anticipated in 2016. D) Firm investment in inventories was greater than anticipated in 2016.
If interest rates rise by 5 percentage points, say from 10 to 15%, bank profits (measured using gap analysis) will
A) decline by $0.5 million. B) decline by $1.5 million. C) decline by $2.5 million. D) increase by $2.0 million.
Marginally attached workers are people who are
a. looking for a better job than they currently have. b. not working and are not looking for work, but would work if asked. c. working part-time while they go to school or get training for a better job. d. only a few years from retirement.
Between 1992 and 1999, the employment rate for single mothers in the United States:
A. increased by 15 percentage points. B. decreased by 19 percentage points. C. remained fairly constant. D. more than doubled.