Suppose an economy grows by 2.5 percent, the labor force rises by 3 percent, and capital rises by 1 percent. If capital takes 50 percent of real GDP and labor takes the other 50 percent of real GDP, then the growth in total factor productivity must be _____

The above table shows the short-run total product schedule for the campus book store. With which employee do diminishing marginal returns set in?

A) the 9th employee B) the 6th employee C) the 5th employee D) the 2nd employee

Which of the following is an automatic stabilizer?

I. inheritance taxes II. government payments to war veterans III. aid to families with dependent children IV. sales taxes A) I, II, III, and IV B) I, II, and III only C) II and III only D) III only