Capital is a flow of resources into the production of investment goods
a. True
b. False
Indicate whether the statement is true or false
False
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If an increase in investment spending of $50 million results in a $400 million increase in equilibrium real GDP, then
a. the multiplier is 0.125. b. the multiplier is 3.5. c. the multiplier is 8. d. the multiplier is 50.
Changes in which of the following shifts the aggregate supply curve? i. the price level ii. the money wage rate iii. potential GDP
A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
Refer to Figure 14.1. Other things equal, an increase in the Fed's concern about deviations of inflation from the target inflation rate is best represented as a movement from
A) point X to point Z. B) point Z to point X. C) point Z to point Y. D) point Y to point X.
Refer to the above table. Two countries have per capita real GDPs in 2015 of $5000. If country A has a 4 percent growth rate and Country B a 5 percent growth rate, what will the per capita real GDPs of each be in the year 2065?
A. A: $15,000; B: $30,000 B. A: $40,000; B: $60,000 C. A: $35,550; B: $57,500 D. A: $24,000; B: $35,200