The GDP deflator can be used to take inflation out of nominal GDP

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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When Walmart sells toys imported from China:

A) the U.S. consumers pay in dollars while the workers who produce the toys are paid in yuan. B) the U.S. consumers pay in dollars and the workers who produce the toys are also paid in dollars. C) the U.S. consumers pay in yuan while workers who produce the toys are paid in dollars. D) the U.S. consumers pay in yuan and the workers who produce the toys are also paid in yuan.

Economics

Currently about what percentage of the civilian labor force is unionized in the United States?

A) 6 percent B) 12 percent C) 30 percent D) 70 percent

Economics