(Solved): Suppose Rob, an avid golfer, spent a total of $9000 on green fees for the 200 rounds of golf he pla ...

Suppose Rob, an avid golfer, spent a total of $\$9000$ on green fees for the 200 rounds of golf he played in 2016 and a total of $\$8000$ on green fees for the 200 rounds of golf he played (on the same courses) in 2017. Rob's real consumption of golf in 2017 from his consumption level in 2016. Select one: A. increased by 11.1 percent B. decreased by 11.1 percent C. increased by 12.5 percent D. decreased by 12.5 percent E. was unchanged In the United States, corporate profits tend to move . This means that when the economy is experiencing , corporate profits increase. Select one: A. countercyclically; a recession B. countercyclically; an expansion C. procyclically; an expansion D. procyclically; a recession Question 3 Suppose Jane is a 45-year-old artist who paints in her home studio and sells her work online. During the reference week, Jane completed three paintings in her studio, but did not sell any pieces. According to the BLS household survey, Jane would be classified as Select one: A. employed. B. unemployed. C. not in the labor force. D. not in the civilian noninstitutional population.