If the contribution from capital growth equals 2 percent and the contribution from labor growth equals 4 percent, then GDP ________
A) will grow by 6 percent
B) will grow by 8 percent
C) will grow by 2 percent
D) will change by an unknown percentage
D
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What will be an ideal response?
Suppose a senior college football player approaches an insurance company and seeks to purchase an insurance policy against him receiving a career-ending injury. The insurance company
A) will sell him an insurance policy because the proposal entails uncertainty not risk. B) will sell him an insurance policy because the proposal entails risk not uncertainty. C) will not sell him an insurance policy because the proposal entails uncertainty not risk. D) will not sell him an insurance policy because the proposal entails risk not uncertainty.