If a country had a nominal GDP of $753 million, and the GDP deflator was 110, what is the real GDP?

If the CPI decreases from one year to the next, then the inflation rate is

A) negative. B) 0. C) below 100. D) above 100. E) positive.

Unemployment benefits in western Europe are more generous than in the United States. As a result, ________ in the United States

A) frictional unemployment is higher B) frictional unemployment is lower C) cyclical unemployment is higher D) structural unemployment is higher E) avoidable unemployment is lower