Economic growth can be defined as a percentage increase in

A) per capita real GDP. B) nominal GDP.
C) consumption by households. D) real GDP.

A

Economics

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Unemployment that results from a mismatch of workers' abilities and skills with current requirements of employers is

A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) seasonal unemployment.

Economics

A firm sells grapefruit in a perfectly competitive market at a price of $1.50 per pound. The firm's marginal revenue: a. equals $1.50

b. is less than $1.50. c. is greater than $1.50. d. cannot be determined from the information provided.

Economics