The experience of the Soviet Union proves that higher education
a. always leads to productivity increases.
b. always raises per capita GDP growth.
c. has different effects.
d. has positive effects.
c
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When stock prices fall
A) an individual's wealth is not affected nor is their willingness to spend. B) a business firm will be more likely to sell stock to finance investment spending. C) an individual's wealth may decrease but their willingness to spend is not affected. D) an individual's wealth may decrease and their willingness to spend may decrease.
To calculate nominal GDP, you:
a. Multiply the quantity of everything consumed by the price of everything consumed, and sum the results. b. Multiply the exchange rate by the price of each good and service produced. Then sum them and divide by the domestic price index. c. Add the price of everything consumed to the quantity of everything consumed and sum the results. d. Add the quantities of everything produced to the average national price level and then multiply times one plus the inflation rate [i.e., (1 + inflation rate)]. e. Multiply the quantity of everything produced by the price of everything produced, and sum the results.