ECON 203 Study Guide - Midterm Guide: Tax Rate, Government Budget Balance, Toner
26 Apr 2015
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Circle the best answers: consider the real gdp expressed in 1950 dollars and the real gdp expressed in 2000 dollars. The growth rate of the economy between 2001 and 2002 calculated using the real gdp in 1950 dollars is (from tutorial #1) a. It can be any of the above answers, depending on circumstances. In pluto, 100,000 people are in the labour force and the unemployment rate is 25%. As pluto moves out of a recession and jobs increase, 20,000 discouraged workers become encouraged to search for jobs and join the labour force. The unemployment rate becomes a. b. c. d: none of the above (the right answer is 37. 5%). If japan"s gdp is higher than its gnp, then. Japanese workers working outside of japan earn more income than foreigners working in japan. Japanese workers working outside of japan earn less income than foreigners working in japan.
