Which of the following statements is true of purchasing power parity (ppp)?
a. it is the sum of value added by residents and households operating in an economy.
b. it is the management of value-added activities in other countries.
c. it is an investment made by firms within an industry in other countries.
d. it is an adjustment to reflect the differences in cost of living among different countries.

The text states that the committee “expects inflation to rise gradually toward 2% over the medium term as the labor market improves further….” why would the fomc expect inflation to rise because of improvements in the labor market?

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

Select the correct answer. ramon applied to the state university in the city where he lives, but he was denied admission. what should he do now? a. change his mind about graduating and drop out of high school so he can start working right away. b. decide not to go to college, because he didn’t have a backup plan. c. stay positive and write a mean letter to let the college know that they made a bad decision. d. learn from this opportunity, reevaluate his options, and apply to his second and third choices.