Which of the following measures how the level of well-being in a country has changed over time?
a. level of nominal GDP per person.
b. growth rate of nominal GDP.
c. growth rate of real GDP.
d. growth rate of real GDP per person.
d
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What are the major economic effects of rent ceilings?
What will be an ideal response?
In a recession, automatic stabilization ________ tax revenues and ________ the debt-GDP ratio
A) lowers, raises B) lowers, lowers C) raises, raises D) raises, lowers
The debt-to-GDP ratio decreases when the primary deficit ________ or when seigniorage ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
The use of real options in capital budgeting
A) may raise the NPV of a capital project. B) makes the analysis of the project considerably easier. C) allows management to make decisions more quickly. D) eliminates the need for calculating the project's risk adjusted discount rate.