The nominal interest rate approximately equals which of the following?
A) the real interest rate minus the inflation rate
B) the real interest rate plus the inflation rate
C) the real interest rate minus the growth rate of real GDP
D) the real interest rate plus the growth rate of real GDP
B
Economics
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If the slope of the per-worker production function is 1/2 in a given range, how will a $10,000 increase in capital per hour worked affect real GDP per hour worked in the same given range?
A) Real GDP per hour worked will increase by $10,000. B) Real GDP per hour worked will increase by $5,000. C) Real GDP per hour worked will increase by $20,000. D) Real GDP per hour worked will decrease by $20,000.
Economics
Socialism
What will be an ideal response?
Economics