What was the rate of growth of real GDP from 1960 to 2010?
a. 19%
b. 81%
c. 110%
d. 376%
d. 376%
You might also like to view...
Refer to Figure 4-10. Suppose the market is initially in equilibrium at price P1 and now the government imposes a tax on every unit sold. Which of the following statements best describes the impact of the tax? For demand curve D1
A) the producer bears the entire burden of the tax if the supply curve is S2 and the consumer bears the entire burden of the tax if the supply curve is S1. B) the producer bears a smaller share of the tax burden if the supply curve is S2. C) the producer's share of the tax burden is the same whether the supply curve is S1 or S2. D) the producer bears a smaller share of the tax burden if the supply curve is S1.
The president has influence on Federal Reserve policy because
a. he can veto any Fed policy. b. he appoints the board members and the chair. c. he can fire the chair. d. he can replace board members at any time.
The optimal hiring rule is to employ labor up to the point where:
A. wage = MFC. B. wage = MP. C. wage = MR D. wage = MRP
Federal marketing orders were created in 1937 by way of which legislative act?
A) Cooperative Marketing Act B) Capper-Volstead Act C) Robinson-Putman Act D) Agricultural Marketing Agreement Act