In order to have adequate water access, based on the World Bank definition, there should be
A. A public lake or stream within a mile of everyone's home.
B. Indoor plumbing in at least one-quarter of the homes in a country.
C. A private water pipe outside everyone's home.
D. A protected public water pipe within half a mile of everyone's home.
Answer: D
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Explain why the tax multiplier is different from the government purchases multiplier, in both sign and relative magnitude
What will be an ideal response?
The market where currencies may be bought and sold for immediate delivery is known as
A) the forward exchange market. B) the spot exchange market. C) the purchasing power market. D) the futuristic exchange market.
The "zero sum" society is
A) a society that has reached its limit in population growth and has placed quotas on its birth rate. B) a society where the rate of growth of GDP minus the inflation rate equals zero. C) a society in which the fluctuations of GDP around the natural level of output sum to zero. D) a society with no productivity growth in which any additional good enjoyed by one person requires that something be taken away from someone else.
A change in real GDP sums up changes in
A) prices alone. B) physical production alone. C) physical production minus changes in price. D) physical production and prices.