If the growth rate of nominal GDP and the rate of inflation in an economy are 4% and 1% respectively, the growth rate of real GDP in the economy must be:

Consider a demand curve for reckless driving, for which the "price of reckless driving" is interpreted as the probability of having a fatal accident. When could safer cars lead to an increase in total number of driver fatalities?

a. Always. b. Never. c. When the demand curve is relatively flat. d. When the demand curve is relatively steep.

Labour productivity is measured by:

What will be an ideal response?