Which of the following is the best indicator of standard of living?
a. Nominal GDP
b. Real GDP
c. Real GDP per capita
d. Productivity
e. Productivity per unit of labor
c
You might also like to view...
Which of the following was not a major area addressed by the Dodd-Frank Bill (i.e., Wall Street Reform and Consumer Protection Act of 2010)
a. Ensuring that investment banks and others had "skin in the game" by restricting their ability to securitize 100% of their mortgage-backed loans. b. Reducing systemic threats to the U.S. financial system. c. Solving the "too big to fail" problem in the U.S. financial system. d. Improving credit rating agency performance and accountability. e. All of the above.
Ceteris paribus, if the Fed raises the discount rate, then:
A. The money multiplier decreases. B. The lending capacity of the banking system increases. C. Excess reserves decrease. D. The incentive to borrow reserves decreases.
Refer to the above figure. Which of the graphs is consistent with the Keynesian short-run aggregate supply curve?
A. Graph A B. Graph B C. Graph C D. Graph D
The positive externality argument in favor of a city seeking a professional sports franchise is
A. that the benefits occur at a different time as the costs. B. there are people in the city that will be happier when the team is in the city even if they do not buy tickets. C. there are people in the city that will be happier when the team is in the city, and they will be the one who buy tickets. D. the jobs created in the area will make it worth the investment.