If the average annual growth rate in real GDP for a nation during the last decade was 4 percent per year and the average annual population growth rate was 3 percent per year during the same period, then the average annual growth rate of per capita GDP was
A) 1.00 percent.
B) -1.00 percent.
C) 0.75 percent.
D) 1.33 percent.
A
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Refer to Figure 11.5. A decrease in the marginal propensity to import is best illustrated by diagram
A) A. B) B. C) C. D) D.
Since 2000, the U.S. government has generally had a government budget ________ and so the national debt has ________
A) surplus; decreased B) surplus; increased C) deficit; decreased D) deficit; increased E) deficit; not changed
Which of the following is an application of the moral-hazard problem?
a. a person buying insurance after a cancer diagnosis. b. an salesperson who is not paid on commission being rude to customers. c. coffee hounds buying the menu item meant for lower-demand consumers. d. only inexperienced workers applying for a managerial job advertised with a relatively low salary.
The real risk-free interest rate is equal to:
a. Society's time preference for money. b. The tradeoff that society must make between buying a foreign or domestic product. c. For most nations, the rate at which financial institutions can borrow from each other when the expected inflation rate is equal to zero. d. None of the above is correct.