If s denotes savings rate, I denotes aggregate investment, and Y denotes GDP, then which of the following equations is correct?
A) I = s × Y B) I =s/Y C) I = Y/s D) Y = s × I
A
You might also like to view...
The total value of government bonds outstanding at any particular time is called the
A) government debt. B) government deficit. C) seignorage revenue. D) yield curve.
Stores such as Costco and Sam's Club require an annual membership before you can shop there. This is a form of
A) two-part pricing. B) price gouging. C) tie-in sales. D) anti-competitive behavior.
Suppose you form a legal partnership with your best friend, and she purchases consulting services calling for a $100,000 fee. Your business is broke, and you never wanted the consultants to work for you, just your partner did. For how much of this debt are you legally liable?
a. none of it b. $100,000 c. the proportion reflected by the proportion of the business owned d. only an amount equal to the assets of the business e. $50,000
When workers are unemployed due to a mismatch between their skills and the jobs available, economists call this
a. cyclical unemployment. b. frictional unemployment. c. structural unemployment. d. transitional unemployment.