Subway purchases tomatoes from a tomato farmer for $2,000, and bread from a bakery for $3,000. They then use these, and other ingredients to create sandwiches that are sold to customers for $8,000. How much does total gross domestic product (GDP) increase by?

You get a pay raise and feel richer even though your raise did not keep up with inflation; this is best described as

Consider the data to answer the following question: Country GDP Population A $32,000 1,500 B $20,000 1,000 C $10,000 500 D $10,000 2,000 E $8,000 800 Using the information from the previous table, which country has the lowest average living standard?

In Nation A, the price index rises from 110 to 120 in a particular year. In the same year, the price level rises from 120 to 130 in Nation B. This means

When actual unemployment (u) is equal to its natural rate (u*), the

Which of the following is a sign that an economy is in poor health?

Consider an economy producing below its full employment output level (Y*). In this case the unemployment rate (u) is 

Use the table to answer the following question: Group # in millions Work-eligible population 286 Labor force 154 Not in labor force 89 Employed 142 Unemployed 12 According to the previous table, the labor force participation rate in this economy is equal to

Which of the following is a sign that an economy is in a contraction?

A key purpose of the diversity umbrella is to