The simplest calculation of the growth rate of multifactor productivity starts with the growth rate of real GDP and then
A) subtracts the growth rate of labor.
B) subtracts the growth rate of capital.
C) subtracts the growth rate of labor and some fraction of the growth rate of the capital-labor ratio.
D) adds the growth rate of labor and then subtracts the depreciation and population growth rates.
C
Economics
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If a basket of goods costs $100 in the United States and 300 pesos in Mexico, and if the exchange rate is $1 = 5 pesos, then the dollar price of the basket of goods in Mexico is:
a. $250. b. $56. c. $60. d. $75.
Economics
The proponents of rational expectations and monetarism think that the Federal Reserve should adopt
A) a constant monetary growth rule. B) an interest rate target. C) a monetary aggregate target. D) an inflation target.
Economics