A pandemic causes the deaths of a large proportion of the working-age population in the country of Alpha. As a result the real wage in Alpha ________ and employment in Alpha ________.

The sum of the value added by all firms equals total:

A. investment spending. B. spending on capital goods. C. value of final goods and services. D. profits.

Which of the following would result in a movement along the production possibilities curve?

A) a fall in the unemployment rate B) growth in the capital stock C) population growth D) a change in the composition of two goods that a society chooses to produce