Over time, countries grow in a fashion so that their production possibility frontiers always retain the same shape
Indicate whether the statement is true or false
FALSE
Explanation: This would only be true if overall capital/labor ratios in the country remained constant over time.
Economics
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Which of the following would be the best measure of the cost of living?
A) consumer price index B) GDP deflator C) real GDP per person D) real GDP
Economics
The country that suffered an extreme inflation rate of 89,700,000,000,000,000,000,000 percent in November 2008 was
a. England b. Zimbabwe c. Germany d. Egypt e. the former Soviet Union
Economics