We can conclude that there has been inflation since the base year if the GDP price index in the current year is _____.
a. 10
b. equal to zero
c. 20
d. greater than 100
e. negative
Question 2
In a competitive labor market a firm will continue to employ workers for as long as an additional worker's marginal revenue product is below the wage rate.
a. True
b. False
Indicate whether the statement is true or false
