Omega has a real GDP per capita of $5,000. If it has a constant 6% rate of growth, how many years will it take before Omega has a real GDP per capita of $40,000?

________ in the United States ________ in most European countries

A) GDP per hour; is greater than GDP per hour B) Average weekly hours; are greater than average weekly hours C) The Okun Gap; is equal to the Okun Gap D) The Lucas Wedge; is greater than the Lucas Wedge E) Both A and B are true.

Tariffs reallocate income from

A) consumers to producers. B) producers to consumers. C) government to producers. D) consumers to foreigners.