According to Okun's Law, if the unemployment rate decreased by 1.75% over a year, the annual growth rate of real GDP was ________
A) 6.5% B) 1.75% C) 3.5% D) 5%
A
Economics
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Suppose that Germany, France, Estonia, and India all have the same production possibilities, illustrated in the figure above. Based on the production points in the figure, Germany is most likely to expand its PPF to
A) PPF3 or PPF2. B) PPF3. C) PPF1. D) PPF1. or PPF2. E) PPF2.
Economics
The additional utility that George receives from consuming one more slice of pizza is called
A) diminishing utility. B) total utility. C) average utility. D) marginal utility.
Economics