The key indicator of a country's living standard and economic well-being is:

A. real GDP.
B. the interest rate.
C. real GDP per person.
D. nominal GDP per person.

Answer: C

Economics

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In the long run, firms in monopolistic competition become price takers

Indicate whether the statement is true or false

Economics

Suppose you are currently in the long position of a long-term bond. In this case, to hedge against a capital loss, you would enter into a ________ contract to ________ a long-term bond in the future

A) interest-rate forward; sell B) interest-rate forward; buy C) exchange-rate forward; buy D) exchange-rate forward; sell

Economics