During this year, nominal GDP in Syldavia was $720 billion and real GDP was $720 billion. The GDP price index in Syldavia in this year was

.

0, because nominal GDP equaled real GDP.

B.

100.

C.

1.

D.

720.

E.

720 billion.

he argument that jobs are lost to free trade is

A.

totally false because no jobs are lost to free trade.

B.

true only when tariffs are imposed on the goods being imported.

C.

correct because jobs are lost but foreign countries are helped and we can afford losses.

D.

incorrect because no jobs are lost and new jobs are created by trade.

E.

correct because some jobs are lost but incorrect because new jobs also are created

If the level of technology rises, GDP per hour of labor

A.

increases because the level of capital per hour of labor increases.

B.

does not change because GDP increases only when capital or labor increases.

C.

decreases for a given level of capital per hour of labor.

D.

decreases because the level of capital per hour of labor decreases.

E.

increases for any level of capital per hour of labor.

Automatic stabilizers include

A.

changes in induced taxes and changes in discretionary spending.

B.

changes in discretionary spending and changes in

needstested

spending.

C.

changes in induced taxes and changes in

needstested

spending.

D.

increases or decreases of tax rates and changes in

needstested

spending.

E.

changes in the federal funds interest rate Cyclical unemployment is

A.

always greater than the total of structural and frictional unemployment.

B.

part of frictional unemployment.

C.

higher when the economy is expanding.

D.

created by a recession.

E.

the total of structural and frictional unemployment.

Suppose India wants to measure how much the standard of living has changed over the last decade. Which piece of data should India use?

A.

real GDP per person.

B.

inflation.

C.

population.

D.

wages.

E.

real GDP.

need help awnsering havin a hard time