If a country had a nominal GDP of $753 million, and the GDP deflator was 90, what is the real GDP?
a. $685 million
b. $828 million
c. $836 million
d. $863 million
c. $836 million
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Of the following, the best example of firm that might operate in a contestable market is a
A) cable TV company. B) wheat farmer. C) ship owner operating on a major waterway. D) private college operating in a state with many public colleges.
The share of the labor force that was unionized increased from approximately 10 percent in 1930 to more than 30 percent in 1955 . During these 25 years, the share of national income allocated to labor (in contrast to capital)
a. remained virtually constant. b. increased approximately 10 percent. c. increased between 15 and 25 percent. d. increased 17.6 percent.
The Command System (communism)
What will be an ideal response?
Treasury bills are government IOUs that mature within a year
Indicate whether the statement is true or false