In the periods 1953-73 and 1973-95, U.S. real GDP grew at the average annual rates of about:
A. 5.1% and 7.4%, respectively
B. 2.8% and 3.6%, respectively
C. 7.4% and 5.1%, respectively
D. 3.6% and 2.8%, respectively
D. 3.6% and 2.8%, respectively
Economics
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A price index shows
A) the current cost of a basket of goods. B) the relative price of necessities. C) the price of goods in the future. D) the cost of today's goods expressed in terms of the cost of goods in a base year.
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In the presence of asymmetric information with costless monitoring and enforcement, a hire contract results in production efficiency
What will be an ideal response?
Economics