Which of the following is used to calculate the standard of living?
A) real GDP/population
B) ((real GDP in the current year - real GDP in previous year)/real GDP in previous year) × 100
C) the one-third rule
D) real GDP/aggregate hours
A
Economics
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A savings and loan strives for a 6% real return on its loans and estimates a 7% annual rate of inflation. It should therefore charge its borrowers a nominal interest rate of
A) 13%. B) 7%. C) 6%. D) 1.17%. E) 1%.
Economics
The unemployment rate measures, at a point in time, the ________
A) percentage of workers who do not have a job B) percentage of workers who do not have a job but are looking for work C) percentage of workers who stop working D) percentage of workers who are looking for work E) none of the above
Economics