Multiple Choice
A country's unemployment rate fell from 6 percent to 5 percent during a year.If the country's total population,physical capital stock,and output remain unchanged,________.
A) its income per capita will fall
B) its income per worker will fall
C) its income per capita will increase
D) its income per worker will increase
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Suppose an economy has the production function
Q9: Which of the following is true?<br>A) The
Q10: The following figure shows two aggregate production
Q11: Scenario: Assume the following aggregate production functions
Q12: Scenario: Two economies, A and B, have
Q14: What does the Law of Diminishing Marginal
Q15: The GDP of a small country is
Q16: In an economy,if three-fourths of national income
Q17: Inventia has 1 million workers.Suppose 50,000 workers
Q18: Which of the following tools is used