Countries with more economic freedom during 1980-2010 tended to
a. grow more rapidly, but the 2010 income levels of the freer economies were still lower than those that were less free.
b. achieve higher levels of income but the growth rates of the less free economies have been more rapid in recent years.
c. achieve both more rapid growth and higher income levels than those that were less free.
d. grow less rapidly and the 2010 income levels of the freer economies were lower than those that were less free.
C
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The "core" inflation rate is typically defined as the change in consumer prices for all goods included in the CPI basket except energy and food products
Suppose the overall inflation rate based on the CPI was 4 percent for the past year, and energy and food prices did not change during the year. Is the core inflation rate for the past year higher or lower than 4 percent? A) Higher B) Lower C) They are the same D) We do not have enough information to answer this question
People who failed to look for a job are classified as
a. unemployed. b. underemployed. c. out of the labor force. d. part time employed.