If you earned $10-an-hour in 2005 when the CPI was 100, and you earn $11-an-hour today when the CPI is 120, then your real wage rate has _____ since 2005.

In nations that have large underground, or illegal, sectors:

Which of the following was a result of the Treaty of Paris that ended the Seven Years’  War?

Trade makes people better off

A bank lends money for a year at an interest rate of 9% and the inflation rate for that year turns out to be 5%.  What is the bank’s real rate of return for that year?

Table: Prices and Quantities in a 4-Good EconomyProductPriceQuantityShovels$2050Books50100Tomatoes1500Pizzas10120     Reference: Ref 6-2 (26-2) (Table: Prices and Quantities in a 4-Good Economy) Suppose an economy produces only the four goods listed in this table. What is the GDP in this country?

Table: Small-Town GDPTownReal GDP (U.S. dollars)PopulationA4,859,307250B10,000,050175C6,000,000320D3,549,28990     Reference: Ref 6-1 (26-1) (Table: Small-Town GDP) Which of the four towns in this table has the highest standard of living?

Which are immediate causes of the wealth of nations?

Which of these civilizations were in Mesoamerica?

Which of the following business products would be classified as an installation?