An increase in nominal GDP
A) is absolute real economic growth.
B) is per capita real economic growth.
C) is both per capita and absolute real economic growth.
D) does not necessarily mean either absolute or per capita real economic growth.
D
Economics
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If M = $100, Y = $500 and P = $2, then V is equal to
A) 0.10 B) 1. C) 10. D) 50.
Economics
An advantage of proprietorships is
A) the ease with which they can be formed and dissolved. B) their ability to raise large amounts of equity capital. C) the fact that their profits are not taxed. D) the breadth of management expertise that comes from having a board of directors.
Economics