Which of the following is a measure of economic growth that is most useful for measuring changes in the overall size of an economy? a. growth in nominal gdpb. decreases in the rate of unemploymentc. increases in real gdpreal gdp per capitaa. cannot grow more rapidly than real gdp. b. cannot grow more slowly than real gdp. c. can grow either more slowly or more rapidly than real gdp. given the annual rate of economic growth, the "rule of 72" allows one toa. determine the accompanying rate of inflation. b. calculate the size of the gdp gap. c. calculate the number of years required for real gdp to double.

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

Which of the following has the largest impact on opportunity cost

Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions