Suppose that Year 2 is the base year. What is the growth rate of GDP?

The most far-reaching aspect of globalization in the past two decades has been in

a. financial flows. b. export levels. c. import levels. d. human rights advances.

Suppose the equilibrium wage rate for apricot pickers is $9.00 per hour in California and at that wage rate the equilibrium quantity of apricot pickers is 14,000. If the minimum wage is set at $7.50 per hour, then the

A) quantity of apricot pickers employed increases. B) quantity of apricot pickers employed decreases. C) quantity of apricot pickers employed does not change. D) wage rate for apricot pickers increases. E) some apricot pickers are unemployed.