In 2011, output per person in the U.S. was about
A.
$32,000
B.
$21,000
C.
$48,000
D.
$65,000
C.
$48,000
Economics
You might also like to view...
When the Fed buys T-bills from banks:
A. the demand for bank reserves rises. B. the supply of T-bills rises. C. the supply of bank reserves rises. D. the supply of bank reserves falls.
Economics
A perfectly competitive firm discovers that its MRPL divided by the wage equals 1.25. The firm should
A) check the MRP of the other inputs and divide them by their prices. If they are all equal to 1.25 it is maximizing profits. B) hire more labor. C) purchase more capital. D) try to pay a lower wage rate.
Economics