Which of the following statements is NOT true about using per capita real GDP to measure a nation's economic growth?
A) The definition does not indicate how the increase in growth is being disturbed among the nation's population.
B) The definition assumes that some of the increase in productivity goes to the poor.
C) The definition is not perfect for measuring increases in a nation's productive capacity.
D) The definition has understated actual economic growth because it does not take into consideration changes in leisure.
B
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Foreign exchange swaps involve:
A) selling one currency on the spot market and at the same time purchasing a forward B) trading goods rather than money to improve efficiency C) delaying payment of a spot contract until the currency is actually delivered D) none of the above
Market equilibrium occurs when
A) other things remain the same. B) the market is changing rapidly. C) the quantity demanded equals the quantity supplied. D) buyers get the lowest possible price. E) everyone who wants the good gets the quantity he or she wants.