In the United States, between 1961 and 2011, there has been
i. a consistent , non-changing growth rate of potential GDP per person.
ii. an increase in the standard of living based on real GDP per person.
iii. fluctuations in real GDP per person around potential GDP per person.
A) ii only
B) i, ii and iii
C) i and ii only
D) ii and iii
E) i only
D
Economics
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Refer to above figure. In the absence of trade, how many Widgets does this country consume?
What will be an ideal response?
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Electricity pricing that varies in its billing expense throughout the day is called
a. marginal cost pricing b. variable pricing c. full cost pricing pricing d. marginal pricing e. dynamic pricing
Economics