The formula for the computation of labor productivity is
A) nominal GDP/number of workers. B) real GDP/number of workers.
C) nominal GDP/population. D) real GDP/population.
B
Economics
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It is possible for an economy to keep its currency overvalued against the dollar if:
A) it sells the domestic currency in the foreign exchange market. B) it has substantial domestic currency reserves. C) it buys the dollar in the foreign exchange market. D) it has substantial dollar reserves.
Economics
Based on the table above which shows Chip's costs, if Chip shuts down in the short run, his economic loss will be
A) $0. B) $1,000. C) $1,200. D) $4,000.
Economics