If Japan is twice as good at producing cameras and three times as good at producing TV sets as the United States, Japan is said to have a comparative advantage in TV sets and the United States has a comparative advantage in cameras

A general rule of thumb is that if, after a period of increases, the leading indicator index sustains ________ consecutive declines, a recession (or at least a slowing of the economy) will follow

A) three B) four C) five D) six

If nominal GDP doubles and the GDP deflator doubles, then real GDP

a. remains constant. b. doubles. c. triples. d. quadruples.