Multiple Choice
The gap in GDP between the United States and Europe can be explained by the fact that
A) U.S.labor is more productive than European labor.
B) prices are higher in the United States.
C) the Okun Gap is larger in the United States.
D) income taxes are higher in the United States.
E) equilibrium employment is higher in Europe.
Correct Answer:
Verified
Correct Answer:
Verified
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