The per capita real Gross Domestic Product (GDP) is the

A. real GDP divided by the population.
B. rate of growth in real GDP times the population growth rate.
C. rate of growth in real GDP plus the population growth rate.
D. rate of growth in real GDP minus the population growth rate.

Answer: A

Economics

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Assume that the U.S. labor force consists of 185 million workers and that 17.5 million are officially unemployed. Calculate the unemployment rate

a. 11.4 percent b. 10.0 percent c. 9.5 percent d. 7.5 percent e. 10.8 percent

Economics

As a result of a decline in interest rates and a rise in household income, the demand curve for housing has shifted to the right, but has retained the same slope. Consequently, the elasticity of demand for housing

a. has declined. b. has increased. c. has remained unchanged. d. cannot be compared.

Economics