If GDP per capita rises by 2% between 2015 and 2016, which of the following is necessarily true?
A) The population has increased, but by less than 2%.
B) The population has decreased.
C) Real GDP has risen by more than 2%.
D) None of the above is necessarily true.
D
Economics
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In the table above, the value of marginal product of the third unit of labor is
A) $3. B) $4. C) $12. D) $16.
Economics
High tariffs on intermediate inputs
A) increase the effective rate of protection on final goods. B) have no impact on the effective rate of protection on final goods. C) decrease the effective rate of protection on final goods. D) lower the nominal rate of protection on final goods.
Economics