Which of the following is the best equation for calculating the growth rate in the standard of living?
Answer: Growth Rate of Real GDP per Capita = ((Year 2 Real GDP per Capita - Year 1 Real GDP per Capita)/Year 1 Real GDP per Capita) × 100%
Economics
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Suppose the measured unemployment rate is 7.5% and the true natural rate of unemployment is 5.1%. If the chair of the Fed believes the natural rate of unemployment to be 6.7%, then the chair will
A) stimulate the economy when it should be slowed. B) slow the economy when it should be stimulated. C) stimulate the economy, exactly as called for. D) slow the economy, exactly as called for.
Economics
Primarily markets, not politics, determine the level of "merit goods" provision
Indicate whether the statement is true or false
Economics