If real GDP grows from $10 trillion in 2002 to $10.5 trillion in 2003, the growth rate for real GDP is

Government revenue from printing money is referred to as:

A) menu costs. B) seigniorage. C) shoeleather costs. D) excise tax

Suppose a firm earns an accounting profit. This means the firm also earns a positive economic profit

a. True b. False Indicate whether the statement is true or false