If the price level is 100 for 2005 and the price level is 106.5 in 2007, a nominal GDP in 2007 of $15,600 billion would mean that real GDP in 2007 (in 2005 prices) would be closest to

A fiduciary monetary system is dependent on

A) acceptability and predictability of value. B) precious metals backing fiat money. C) Congressional monetary support. D) a negative inflation rate.

Which of the following statements is most correct?

a. The average education of women in the labor force is greater than the average education of men in the labor force. b. Women now constitute over 50% of the labor force of scientists. c. More women than men are currently enrolled in undergraduate and graduate programs. d. Women constitute less than 50% of the current undergraduates in the nation.