A nation practicing mercantilism aims to
a. keep the government out of the economy.
b. establish an excess of exports over imports.
c. balance imports with exports.
d. replace gold and silver with paper money.
e. reduce the size of the military sector.
b. establish an excess of exports over imports.
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Which of the following is true?
a. The GDP gap is the difference between actual real GDP and full-employment real GDP. b. We desire economic growth because it increases the nation's standard of living. c. Economic growth is measured by the annual percentage increase in a nation's real GDP. d. Discouraged workers are a reason critics say the unemployment rate is understated. e. All of these are true.
What are three examples of occupations that are expected to experience a rapid decline in employment from 2010-2020? Why are these occupations likely to experience this decline?
What will be an ideal response?