Since 1900, real GDP in the United States has grown
A) more rapidly than the population.
B) as rapidly as the population.
C) more slowly than the population.
D) in a random unpredictable manner relative to the population.
A
Economics
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When consumption and leisure are both normal goods, after an increase in real dividend income minus taxation, the rational consumer
A) increases consumption and increases leisure. B) increases consumption and reduces leisure. C) reduces consumption and increases leisure. D) reduces consumption and reduces leisure.
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An alternative to patent protection might be
A) dollar prizes for innovation. B) an appeal to altruism. C) granting of citizenship for innovation. D) forcing innovators to cede their innovations.
Economics