Recently, consumption has comprised approximately
A) one-half of GDP.
B) two-thirds of GDP.
C) three-fourths of GDP.
D) four-fifths of GDP.
B
You might also like to view...
The revenue received from the sale of an additional unit of a product
A) is called a net gain. B) is a marginal benefit to the firm. C) is called profit. D) is called gross sales.
When one person knows more than another, it creates a situation:
A. in which the transaction is always regretted. B. called information asymmetry. C. in which the transaction will not occur. D. called information dominance.
When a tax is imposed on an item, it can generally be said that the incidence of the tax is
a. entirely on the buyer. b. entirely on the seller. c. on both the buyer and seller. d. not determined in this manner.
Your savings account balance would be counted in which measure of money?
A. Hard money B. M2 C. M1 D. It would be counted in both M1 and M2