If real GDP is $17,700 billion (in 2012 dollars) in 2017 Q2 and $18,400 (in 2012 dollars) in 2018 Q2, then the non-annualized quarterly growth rate of real GDP is
A. 1.0%.
B. 4.0%.
C. 0.4%
D. 16.8%.
Answer: B
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In recent decades, the union-nonunion hourly wage differential has
A) increased substantially. B) increased slightly. C) stayed the same. D) fallen significantly.
Of the following, which could cause the demand curve for personal computers to shift to the left?
a. a decrease in the price of personal computers b. an increase in the price of computer software c. a decrease in the price of computer software d. an increase in wealth (assuming personal computers are a normal good) e. expectations of an increase in the price of personal computers in the future
In 1870, the richest country in the world was
a. Germany. b. Japan c. the United Kingdom. d. the United States.
Which of the following is counted as "capital" in economics?
A) the money people have B) the machines that workers have to work with C) the labor force D) the wealth people have