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Author Question: Between 1870 and 1920, the total labor force increased by threefold while (a) the total number of ... (Read 109 times)

cabate

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on: Jun 30, 2018
Between 1870 and 1920, the total labor force increased by threefold while
 
  (a) the total number of people employed in agriculture increased by almost twofold and the total number of people employed in manufacturing and other non- agriculture increased fivefold.
  (b) the total number of people employed in agriculture increased by almost fivefold and the total number of people employed in manufacturing and other non- agriculture increased
  by threefold.
  (c) the total number of people employed in agriculture increased and the total number of people employed in manufacturing and other non- agriculture increased by threefold.
  (d) the total number of people employed in manufacturing and other non- agriculture increased
  fivefold while agriculture decreased by twofold.

Question 2

Between 1945 and 1950, the U.S. price level rose by one-third. This increase was complemented by which of the following?
 
  (a) An increase in nominal and real GDP
  (b) An increase in nominal GDP but a decrease in real GDP
  (c) An increase in real GDP but a decrease in nominal GDP
  (d) Stable nominal and real GDP


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annierak

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Reply #1 on: Jun 30, 2018
Answer to Question 1

(a)

Answer to Question 2

(b)


cabate

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

pratush dev

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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