If the nominal GDP is 12,000 in 2005 and 15,000 in 2006, and if inflation is 10 between these years, then
a. employment fell between 2005 and 2006.
b. real GDP fell between 2005 and 2006.
c. real GDP rose between 2005 and 2006.
d. the economy experienced no growth between these years.
e. everyone is rich now than they were before.
Question 2
For a given level of the money wage, an increase in the price level will cause the
a. supply of labor to rise.
b. quantity of labor demanded to rise.
c. price of leisure to rise.
d. quantity of labor demanded to rise.
e. both b and d.
Measures of ocean chlorophyll-a concentrations from part of Atlantic Canada in (a) January 2006, and
Older adults may grieve intensely over the loss of a person or situation that has been a part of the
The basalt below the hominins is dated to 1.8 million years ago, and the geomagnetic polarity of the
The apples of today are larger and sweeter than their ancestors, thanks to hundreds of years
Population age 65 and over and age 85 and over, selected years 1900-2008 and projected 2010-2050.