The Board of Governors of the Fed consists of:
a. seven elected members.
b. seven members appointed by the president.
c. a representative from each of the 12 district banks.
d. 12 elected members.
e. 12 members appointed by the president.
Question 2
The per capita output of an economy is likely to increase if:
a. the number of workers in the economy grows faster than its population.
b. the population of the country grows faster than its labor force.
c. the government increases the tax rates.
d. the government controls the number of illegal immigrant workers in the economy.
e. the government manages the foreign investment in the economy.
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