The 45-degree line, measuring Y = C + S, is also called the
a. saving line
b. consumption curve
c. income line
d. investment curve
e. GDP curve
C
Economics
You might also like to view...
Depreciation is subtracted from GNP to determine
A) net national product (NNP). B) net GDP. C) net imbalance on exports. D) net income.
Economics
Joe spends $72 on gasoline and sandwiches. The price of a gallon of gasoline is $3 and a sandwich is $4
Placing the quantity of sandwiches on the left side, what is Joe's budget equation? If sandwiches are measured on the vertical axis, what is the slope of Joe's budget line?
Economics
What are the functions of depository institutions?
What will be an ideal response?
Economics
A monopoly will always sell rather than rent its product
Indicate whether the statement is true or false
Economics