If real GDP increases by 6 percent and at the same time the population increases by 2 percent, then real GDP per person grows by

The unemployment rate for the economy as a whole is a(n)

a. normative value judgment b. positive value judgment c. microeconomic statistic d. macroeconomic statistic e. example of an economic model

The efficiency loss of a tax is the idea that:

A. in addition to taking income from the citizenry, taxes also increase the rate of inflation. B. taxes cause a decline in output for which marginal benefit exceeds marginal cost. C. taxes diminish incentives to work. D. government spends dollars less efficiently than do households and businesses.