Suppose you are seeking a real wage increase of 2% and you expect inflation to be 3%. What nominal wage increase should you seek?

A football stadium has a fixed number of seats. Given this, how should stadium management determine ticket prices?

a. When MRMC, price to fill capacity d. Both A&C

Marketopia's real GDP was $520 billion in 2014 and $550 billion in 2015. Its population was 150 million in 2014 and 155 million in 2015. On the other hand, Econland's real GDP was $200 billion in 2014 and $210 billion in 2015; and its population was 53 million in 2014 and 55 million in 2015. Which of the following statements is true?

A. Econland's GDP per capita increased from 2014 to 2015, while Marketopia's decreased. B. Marketopia's and Econland's GDP per capita both decreased from 2014 to 2015. C. Marketopia's GDP per capita increased from 2014 to 2015, while Econland's decreased. D. Marketopia's and Econland's GDP per capita both increased from 2014 to 2015.