Refer to the information provided in Table 30.2 below to answer the question(s) that follow.
Table 30.2
Refer to Table 30.2. What is the real wage rate in 2015 using 2016 as the base year?
A. $11.20
B. $10.80
C. $6.65
D. $5.71
Answer: A
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Which of the following could lead to a decline in aggregate supply in the U.S.?
a. The discovery of new mineral deposits in Arizona b. Higher real wage rates in the U.S. c. Lower personal income in France d. Cutbacks in government borrowing e. Rapid depreciation of the Swiss franc
A business can have more than two partners
Indicate whether the statement is true or false
If real GDP grows at a constant rate of 2 percent per year, using the "rule of 72" it will take approximately ___ years for real GDP to double
a. 15 b. 20 c. 10 d. 36