Gross private domestic investment is all purchases of newly produced business capital goods and buildings
A) minus the change in business inventories.
B) plus the change in business inventories plus residential construction.
C) plus fixed investment minus inventory investment.
D) plus purchases of capital goods produced in previous years to replace any depreciated capital goods.
B
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When MR = MC
A) marginal profit is maximized. B) total profit is maximized. C) marginal profit is positive. D) total profit is zero.
At first marginal product rises and then it falls
Indicate whether the statement is true or false
Suppose we were analyzing the Turkish lira per euro foreign exchange market. If The Euro-Area's risk level falls relative to Turkey and nothing else changes, then the:
a. The supply of euros in the foreign exchange market falls, and the demand for euros in the foreign exchange market falls, causing an uncertain change in the value of the euro. b. The supply of euros in the foreign exchange market rises, and the demand for euros in the foreign exchange market rises, causing an uncertain change in the value of the euro. c. The supply of euros in the foreign exchange market rises, and the demand for euros in the foreign exchange market falls, causing a depreciation of the euro. d. The supply of euros in the foreign exchange market falls, and the demand for euros in the foreign exchange market rises, causing an appreciation of the euro. e. Neither supply nor demand in the foreign exchange market change because relative international prices influence trade flows and not the exchange rate.
Balin recently lost his job as a dog trainer because of a recession. He is seeking a new job, but his prospects appear dim until the economy recovers. Based on this description, Balin is best described as:
A. structurally unemployed. B. frictionally unemployed. C. not in the labor force. D. cyclically unemployed.