If an increase in the price of some goods outweighs other prices that remain constant or decrease then there is:

A. Inflation.
B. Deflation.
C. Stagflation.
D. Reflation.

A. Inflation.

Economics

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Jim, a U.S. citizen, works only in Croatia. The value added to production from his employment is:

A) included in only Croatian GNP. B) included only in U.S. GDP. C) included only in U.S. GNP. D) not included in either U.S. GDP or U.S. GNP.

Economics

Output per worker is used to measure which economic indicator?

a. inflation b. specialization c. unemployment d. productivity

Economics