Suppose that business firms spend $500 million on new capital equipment this year. Of this $500 million, $300 million was spent on domestically produced capital and $200 million was spent on foreign-produced capital
All else equal, these transactions contribute ________ to GDP. A) $0
B) $200 million
C) $300 million
D) $500 million
E) $800 million
C
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Money solves the problem of double coincidence of wants that would regularly occur under a system of credit
Indicate whether the statement is true or false
Economic growth can be seen by an outward shift of:
A. The Production Possibility Frontier B. The Gross Domestic Barrier C. The Marginal Consumption Frontier D. The Minimum Efficient Scale
Based on the table showing unemployment rates and earnings by educational attainment, which group has the highest earnings level?
a. people with a doctoral degree
b. people with a professional degree
c. people with an associate’s degree
d. people with a high school diploma
How are monopolistic ally competitive industries identified with concentration ratios?
What will be an ideal response?