Over the last 60 years, the average annual growth of real GDP in the United States has been approximately
a. 1 percent.
b. 3 percent.
c. 5 percent.
d. 9 percent.
B
Economics
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In 2009, household spending was the smallest component of total spending in the U.S. economy
a. True b. False Indicate whether the statement is true or false
Economics
Suppose Tyler values a basketball at $20 . Jacqui values a basketball at $16 . The pre-tax price of a basketball $15 . The government imposes a tax of $2 on each basketball, and the price rises to $17 . The deadweight loss from the tax is
a. $1. b. $2. c. $3. d. $6.
Economics