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Correct Answer: C) It increases the cost of borrowing and reduces demand.
Correct Answer: B) An economy's level of output fluctuates between times of recession and expansion.
Correct Answer: D) All of the above.
Correct Answer: B) To the right.
Correct Answer: A) Resources are under employed.
Correct Answer: D) Unemployed.
Correct Answer: D) To assess the average output per person in an economy.
Correct Answer: C) Head of a household.
Correct Answer: C) Literate people are better able to secure skilled jobs.
Correct Answer: D) Increased tax revenues for Government spending.
Correct Answer: B) Living standards in terms of health, education, life expectancy.
Correct Answer: C) Lack of Managerial skills.
Correct Answer: C) A person reading a newspaper.
Correct Answer: B) False.
Correct Answer: D) Russia.
Correct Answer: B) The Standard of Living Rises.
Correct Answer: A) Geologist.
Correct Answer: A) True.
Correct Answer: A) Higher economic growth.
Correct Answer: B) Real GDP is a monetary measure that does not take other factors into account.
Correct Answer: A) Exporting and importing.
Correct Answer: D) Energy.
Correct Answer: A) Measure the health.
Correct Answer: A) Physical capital.
Correct Answer: A) The more entrepreneurs a country has the higher the GDP.