Suppose a nation's rate of growth of per capita real Gross Domestic Product (GDP) is 1 percent and its rate of growth in real GDP is 3 percent. Given this information, the nation's population growth rate is approximately equal to
A. 3 percent.
B. -2 percent.
C. 2 percent.
D. None of these: Cannot be determined with the information.
Answer: C
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A competitive strategy is
A) is the development of a price fixing arrangement. B) the development of a distinctive capability. C) a rent-seeking strategy. D) a path to accounting profits.
If in some year nominal GDP was $18 billion and the GDP deflator was 120, what was real GDP?
a. $6.7 billion. b. $15 billion. c. $21.6 billion. d. $38 billion.
Albert and Betty hire Christine to play music at their wedding. David, who lives behind the church, cannot study because of the loud music. The third party is:
A. Albert. B. Betty. C. Christine. D. David.
If the government did not offer the too-big-to-fail safety net:
A. large banks would be more disciplined by the potential loss of large corporate accounts. B. the moral hazard problem of insuring large banks would increase. C. the FDIC deposit insurance limits would have to be raised. D. the moral hazard problem of insuring large banks would not be affected.