Refer to Table 9-19. Looking at the table above, what is the approximate rate of growth of real average hourly earnings from 2014 to 2015?

Two countries have equal population. These countries will have equal income per capita in a particular year if ________

A) the countries have equal inflation rate in that year B) the GDP of both the countries are equal in that year C) equal amounts of capital are available in both the countries in that year D) the size of the working age population in both the countries are equal in that year

If government imposes a price ceiling on a good that is below the market equilibrium price

A) a surplus will develop. B) a shortage will develop. C) producers will reduce their sales price. D) consumers will reduce their demand for the good.