« previous next »

Author Question: Why do people in New York City often read the obituaries to locate an apartment? A) They are ... (Read 114 times)

ericka1

  • Hero Member
  • *****
  • Posts: 544
on: Jun 29, 2018
Why do people in New York City often read the obituaries to locate an apartment?
 
  A) They are strange.
  B) They find it efficient, given the alternatives.
  C) The landlords force them to.
  D) There is no other source of apartment rental information outside the obituaries.

Question 2

What is the effect on real GDP per person if labor productivity increases? What is the effect on the nation's standard of living?
 
  What will be an ideal response?


choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Real GDP equals (aggregate hours)  (labor productivity). Hence an increase in labor productivity increases real GDP. Real GDP per person equals (real GDP)  (population). Therefore an increase in real GDP with no change in the population increases real GDP per person. The nation's standard of living is measured by real GDP per person. So, an increase in labor productivity boosts real GDP per person and therefore boosts the nation's standard of living.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Calcium consumption is essential for all people Calcium consumption is essential for all people
This lithograph of the New York draft riots, 1863, shows that although the rioters mainly targeted b This lithograph of the New York draft riots, 1863, shows that although the rioters mainly targeted b
James A. Garfield lies mortally wounded. After failing to locate the bullet, surgeons called in Alex James A. Garfield lies mortally wounded. After failing to locate the bullet, surgeons called in Alex
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
This image captures a protest of people who want the privilege of “naming” themselves. This image captures a protest of people who want the privilege of “naming” themselves.
Some people have begun to “attend” church as avatars. Some people have begun to “attend” church as avatars.
Video: Nucleic acid digestion - brush border enzymes, end products & transport mechanism

For a complete list of videos, visit our video library