The table below shows data for China
Population (millions) Real GDP (yuan, billions) Nominal GDP (yuan, billions)
2000 1267 4999 9921
2003 1292 6498 13582
2006 1315 8776 21087
The standard of living between 2003 and 2006 increased by ________.
A) 55.3 percent
B) 1.8 percent
C) 35 percent
D) 32.7 percent
D
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Collusion is
A) legal under U.S. antitrust laws if the intent is to increase competition. B) necessary for firms to raise money by borrowing from investors or from banks in order to fund research and development required to develop new products. C) an agreement among firms to charge the same price or otherwise not to compete. D) common among monopoly firms.
American union membership as a percentage of the total nonfarm labor force reached its peak in
a. 1900 b. 1910 c. 1920 d. 1930