A country's unemployment rate fell from 6% to 5% during a year. If its total population, capital stock and output remain unchanged, ________
A) its income per worker will increase B) its income per capita will increase
C) its income per worker will fall D) its income per capita will fall
C
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An increase in the money supply
a. and an investment tax credit both cause aggregate demand to shift right. b. and an investment tax credit both cause aggregate demand to shift left. c. causes aggregate demand to shift right, while an investment tax credit causes aggregate demand to shift left. d. causes aggregate demand to shift left, while an investment tax credit causes aggregate demand to shift right.
Which of the following statements is true?
A) There are more farms today than at the beginning of the 20th century. B) An individual farmer prefers good weather to bad weather, but farmers as a group may prefer bad weather to good weather, especially if the demand for their products is inelastic. C) Income elasticity of demand measures the responsiveness of a change in quantity supplied to changes in income. D) a and b E) b and c