An increase in the price of cotton will increase the equilibrium price and decrease the equilibrium quantity in the market for cotton t-shirts

A higher population growth rate can potentially lead to a higher rate of growth in per capita real GDP if

A) it leads to an increase in the amount of dead capital. B) young workers replace older workers. C) there is a greater labor force participation rate. D) it leads to greater democracy in a nation.

To convert a nominal GDP to a real GDP, you would use

A) the PCE deflator. B) the CPI measure. C) the GDP deflator. D) the PPI measure.