In 2009 the imaginary nation of dorados had a

26) In 2009, the imaginary nation of Dorados had a population of 8,000 and real GDP of 3,000,000. During the year its
real GDP per capita grew by about 2.9%. Which of the following sets of growth rates is approximately consistent with
this growth in real GDP?
a. 2% population growth and 6% real GDP growth
b. 6% population growth and 2% real GDP growth
c. 4% population growth and 7% real GDP growth
d. 7% population growth and 4% real GDP growth

27) A firm may pay efficiency wages in an attempt to
28) An increase in the price of bread produced domestically will be reflected in 29) If Norway sold more goods and services abroad than it purchased from abroad, then it had
30) Which of the following is not included in either M1 or M2?
a. U.S. Treasury bills
b. small time deposits
c. demand deposits
d. money market mutual funds
31) During the recent financial crisis velocity decreased. This means that the rate at which money changed hands
32) If there is a trade deficit, then
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