If real GDP remains unchanged, the population size is stationary, and people have more leisure time, then per capita real GDP will _____
a. overstate actual economic growth
b. understate actual economic growth
c. be the most accurate measure of actual economic growth
d. show that actual economic growth was negative
e. show that actual economic growth was positive
b
Economics
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Countries with floating exchange rates have certain characteristics. Indicate the one that does not apply to those countries
A) closed economy B) small economy C) diversified trade D) divergent inflation rates
Economics
The percent of disposable income that consumers have to pay for their debt is called:
A. a debtor's mark. B. debt service. C. the cost of debt. D. debt accountability.
Economics