The U.S. government agency responsible for compiling the national income accounts is the:
A. Census Bureau.
B. Bureau of Labor Statistics (BLS).
C. Commerce Department's Bureau of Economic Analysis (BEA).
D. Government Accountability Office (GAO).
C. Commerce Department's Bureau of Economic Analysis (BEA).
Economics
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Assume the nominal dollar-per-euro ($/€) exchange rate appreciates by 2%, U.S. prices rise by 5% and Euro-Area prices rise by 3%. By approximately how much does the real exchange rate change?
a. There is no change. b. 1% c. 2% d. 3% e. 4%
Economics
A constant-cost industry is one in which:
A. resource prices fall as output is increased. B. resource prices rise as output is increased. C. resource prices remain unchanged as output is increased. D. small and large levels of output entail the same total costs.
Economics