From 1965 to 1990,US economic output,adjusted for inflation,quadrupled while the population doubled. This means that output per person
A) rose by a factor of 8
B) fell by 50%
C) doubled
D) remained constant
E) increased 200%
Correct Answer:
Verified
Q2: Macroeconomics differs from microeconomics in that
A) microeconomics
Q3: Which of the following is not a
Q4: Which of the following is probably the
Q5: Modern market economies allocate resources primarily through
A)
Q6: Macroeconomics and microeconomics are complementary in that
A)
Q7: The fundamental problem of economics is
A) that
Q8: Which of the following is not a
Q10: Which of the following is not a
Q11: Suppose that everyone in the population of
Q12: A general definition of economics is the
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