If government spending increased by $100 billion and the MPS within the economy was 0.25, what would be the total impact on real GDP?

Refer to the scenario above. Which country is likely to have the highest Human Development Index?

A) Neoland B) Ritzland C) Techland D) Eduland

Which of the following characterizes a perfectly competitive market?

A) The market demand curve is vertical. B) The demand for each individual firm's product is perfectly elastic. C) Each firm sets a different price. D) Each firm produces a product slightly different from that of its competitors.