A nation's real GDP was $250 billion in 2013 and $265 billion in 2014. Its population was 120 million in 2013 and 125 million in 2014. What is its real GDP per capita in 2014?
A. $2,120 per person
B. $212 per person
C. $21,200 per person
D. $205 per person
A. $2,120 per person
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If, at the current exchange rate between the dollar and the Norwegian kroner of 5.78 kroner per dollar, the dollar is "overvalued," how do you expect demand and supply in the foreign exchange markets to respond?
A) The demand for the dollar will fall, while the supply of the kroner will rise. B) The demand for the dollar will rise, while the supply of the kroner will fall. C) The supply of the dollar will rise, while the demand for the kroner will fall. D) The supply of the dollar will rise, while the demand for the kroner will rise.
Net interest payments by the government are usually
A) small and sometimes negative for both the federal, and state and local governments. B) small and sometimes negative for the federal government, but large and positive for state and local governments. C) small and sometimes negative for state and local governments, but large and positive for the federal government. D) large and positive for both the federal, and state and local governments.
Exhibit 15-6 Aggregate demand and supply model
?
In Exhibit 15-6, if the aggregate demand curve is at AD1, in order to reach the full-employment levl of GDP the government should:
A. raise taxes to move to AD2. B. cut taxes to move to AD2. C. cut taxes to move to AD3. D. cut spending to move to AD2.
Answer the following statement true (T) or false (F)
1) Energy demand is relatively stable over the course of a day. 2) Electricity generating plants with low fixed costs tend to have high operating costs. 3) In electricity generation, it is most economically efficient to use a single energy source. 4) About two-thirds of U.S. electricity is generated at coal and gas plants.