Which of the following factors is projected to be the dominant source of economic growth in the U.S. from now until 2020?
A. Increase in hours per worker
B. Increase in labor force
C. Increase in population
D. Increase in labor productivity
D. Increase in labor productivity
Economics
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The change in the quantity of goods and services that an hour's work can buy is measured by the
A) nominal wage. B) real wage. C) CPI. D) real interest rate. E) inflation rate.
Economics
Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.
Figure 23.4Refer to Figure 23.4. Suppose the consumption function for C1 = 20 + 0.5Y, the consumption function that best fits C3 is
A. C3 = 20 + 0.4Y. B. C3 = 20 + 0.8Y. C. C3 = 40 + 0.4Y. D. C3 = 40 + 0.5Y.
Economics