The clearest sign of economic growth is a(n)
a. increase in nominal GDP.
b. increase in real GDP.
c. decrease in nominal GDP.
d. increase in nominal GDP.
b
Economics
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Labor market equilibrium occurs at a real wage where the demand for labor exceeds the supply of labor
Indicate whether the statement is true or false
Economics
U.S. households use about 75 gallons of water per capita per day on the average because
A) the price they must pay for water is low. B) there is so much fresh water in the U.S. C) they use water in irrational ways. D) water is a basic necessity of life. E) water is a basic right.
Economics