Table 1.   The table below applies to an economy with only two goods — hamburgers and hot dogs.  The fixed basket consists of 4 hamburgers and 8 hot dogs.   Refer to table 1.  If the base year is 2072, then the consumer price index is

Table 2 Below is some hypothetical data on the labor market.   Refer to table 2. If the government imposed a minimum wage of $5, what would unemployment be?

Which of the following would mostly likely increase the long-run economic growth rate of the United States?

Jessica, a single mother, has been unemployed for over a year and stops looking for work due to a lack of childcare options. In this scenario, what is true about the unemployment rate?

Jonah lost his job at a factory because the minimum wage increased, and the company could no longer afford to employ him.. Sevanna recently moved to a new city and is looking for a job. 

David, a retail worker, is informed that his hours are now reduced from 40 to 15 per week due to budget cuts. In this scenario, what is true about the unemployment rate?

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Figure 1. Average growth rate (1992-present) and initial level of real GDP per capita (relative to sample mean) for a sample of Peruvian cities (pop. 100,000 or more).Refer to figure 1. What can be inferred about the convergence of city income in Peru for the 1992-present period?

A decrease in the price of large tractors imported into the United States from Peru

Tyler studies engineering in college. What he learns in his engineering classes about existing information increases