Refer to Table 9-18. Looking at the table above, what is the rate of growth of real average hourly earnings from 2015 to 2016?
A) 7.8%
B) 6.25%
C) 4%
D) -4%
A
You might also like to view...
Refer to the above figure. Which point or points represent(s) a long-run equilibrium?
A) A only B) B only C) C only D) both A and B
The "Big Mac Theory of Exchange Rates" tests the accuracy of the purchasing power parity theory. In July 2015, the Economist reported that the average price of a Big Mac in the U.S. was $4.79
In Sweden, the average price of a Big Mac at that time was 43.7 kronor. What is the "implied exchange rate" between Swedish kronor and U.S. dollars? A) 0.11 kronor per dollar B) 1.90 kronor per dollar C) 9.12 kronor per dollar D) 46.2 kronor per dollar
In the graph showing an increase in aggregate demand, a drop of 3 percentage points in unemployment corresponds with ______.
a. a decrease in aggregate demand
b. a price level increase of 4
c. an increase in RGDP of $4 trillion
d. a decrease in RGDP of $19 trillion
A cash payment made by the government to people who do not supply goods, services or labor in exchange for the payment is a(n)
A. "in kind" payment. B. budget deficit. C. dividend payment. D. transfer payment.