Between 1982 and 2002, U.S. GDP per capita grew at an average rate of 5.5 percent per year

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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Ceteris paribus, if consumer tastes change so that more people are eating broccoli, then what will happen to the market equilibrium for cabbage, a substitute good for broccoli?

a. Price will increase, and quantity will increase. b. Price and quantity will stay the same. c. Price will decrease, and quantity will increase. d. Price will increase, and quantity will decrease. e. Price will decrease, and quantity will decrease.

Economics

In 2011, advertising expenditures in the United States were:

A. 10 to 12 percent of GDP. B. about $137 billion. C. about $103 billion. D. about $498 billion.

Economics