Assume that an economy has 1500 workers, each working 2000 hours per year. If the average real output per worker-hour is $20, then total output or real GDP will be:

Most economists agree that deregulation in the 1970s and 1980s greatly benefited consumers in the following industries, except:

A. Automotive B. Railroads C. Airlines D. Trucking

If the exports are $1.5 trillion, imports are $2 trillion, short-term investment to and from the U.S. exactly balances, and taxes and private payments to and from the U.S. also exactly balance, the current account balance is a

A. deficit of $.5 trillion. B. surplus of $3.5 trillion. C. surplus of $.5 trillion. D. deficit of $3.5 trillion.