If the real GDP of a country in 2011 was 300 billion, its price index was 108.3, and its population was 150 billion, then real GDP per capita for that year was:
a. 0.5 billion

A monopoly is a firm that produces a good or service for which no close substitute exists

Indicate whether the statement is true or false

A decrease in the marginal tax rate, with the average tax rate held constant, will

A) increase the amount of labor supplied at any real wage. B) not affect the amount of labor supplied at any real wage. C) decrease the amount of labor supplied at any real wage. D) increase the amount of labor supplied at any real wage if the average tax rate is above the marginal tax rate, but decrease the amount of labor supplied at any real wage if the average tax rate is below the marginal tax rate.