Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

Based on the information in Scenario 1, real GDP grew by about ________ percent from 2015 to 2016

A) 23 B) 31 C) 62 D) 162

Which of the following limit the direct creation of new jobs through foreign investment?

a. Availability of large number of unemployed workers b. Nature of the industries in which investment is allowed c. Low cost of setting up the capital-intensive industries d. High percentage of youth in the country's population e. Regulation on technology transfer