For the period 1915 to 2005, educational improvements in the U.S. labor force contributed what percentage of real per-capita GDP growth?

Is a firm technologically efficient if it uses the latest technology? Why or why not?

What will be an ideal response?

Refer to Table 19-6. Consider the table of production and price statistics for a small economy in 2013. If the economy only produces the four goods listed below, what is GDP for 2013?

A) $428,000 B) $267,000 C) $24,000 D) $1,424