Assume that seigniorage and the government's primary deficit are both zero. A change in the debt-to-GDP ratio depends on just
A) the rate of inflation and total factor productivity.
B) the growth rate of real GDP and the real interest rate.
C) the growth rate of the money supply and the nominal interest rate.
D) the growth rate of nominal GDP and the rate of inflation.
B
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The figure above shows Clara's demand for CDs. The price for a CD is $15. Which statement is TRUE?
A) When Clara buys 6 CDs, she receives $15 of consumer surplus on her 6th CD. B) When Clara buys 6 CDs, she receives a total of $15 of consumer surplus. C) When Clara buys 6 CDs, she receives a total of $30 of consumer surplus. D) When Clara buys 6 CDs, she receives a total of $45 of consumer surplus.
Human capital refers to the physical tools and equipment that workers use on their jobs to enhance their productivity
a. True b. False Indicate whether the statement is true or false