Parallel markets is another term for:

a. government interventions.
b. interbank trades.
c. black markets.
d. trade in goods and in services

Ans: c. black markets.

Economics

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If real GDP is $13,500 billion and aggregate hours are 110 billion, labor productivity equals

A) $6.75 per hour. B) $104 per hour. C) $123 per hour. D) $675 per hour.

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Refer to above Table 2-1. What is the level of Gross Domestic Product?

A) 2690 B) 3050 C) 2430 D) 3010

Economics