An economy has two workers, Jen and Rich. Everyday they work, Jen can produce 2 TVs or 10 radios, and Rich can produce 4 TVs or 12 radios. What is the opportunity cost for Jen to produce one TV?

The economic growth rate is measured as the

A) amount of real GDP. B) annual percentage change of the population. C) amount of population. D) annual percentage change of real GDP. E) annual percentage change of employment.

Incrementalism may be an efficient way to craft a budget because _____

a. it minimizes government size b. it is difficult to measure the benefits of many government programs c. it removes special interest influence from the budget process d. it requires that programs be cost-effective to continue