If the annual inflation rate is higher than 0%, which of the following statements is correct?
a. The specific country is experiencing hyperinflation when viewed over a long period of time.
b. Real GDP growth must be higher than nominal GDP growth.
c. Nominal GDP growth must be higher than real GDP growth.
d. Nominal GDP growth is only higher than real GDP growth if real GDP growth is positive.
e. Nominal GDP growth must be positive.
.C
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An increase in the price of input used to produce a product will lead to
A) a decrease in the demand for that product. B) a decrease in quantity supplied of that product C) a decrease in the supply of that product. D) an increase in the supply of that product.
Which country of those listed below has the highest percentage of children living in households with income below 50% of the national median?
A. Germany B. Australia C. The United States D. Canada