Suppose there are currently 100 people unemployed, 1500 people employed, and 2000 people in the working age population. The labor force participation rate equals 100 times

According to this Application, real GDP only grew by ________ percent from the end of the recession in 2009 through 2014

A) 2.0 B) 5.4 C) 10.8 D) 15.0

You bake cookies. One day you double the time you spend, double the number of chocolate chips, flour, eggs, and all your other inputs, and bake twice as many cookies. Your cookie production function has

a. decreasing returns to scale. b. zero returns to scale. c. constant returns to scale. d. increasing returns to scale.