Attempts to influence the law for your own private economic advantage is called

A) tax imposition.
B) subsidizing.
C) rent seeking.
D) creating a deadweight loss.

C

Economics

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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

A) 3 percent. B) 6 percent. C) 8 percent. D) 4 percent. E) 2 percent.

Economics

If real GDP ________ aggregate planned expenditure, then as a result firms ________ production

A) exceeds; decrease B) equals; increase C) exceeds; increase D) is less than; decrease E) equals; decrease

Economics