Investment, as a part of GDP, includes:
A. stocks.
B. bonds.
C. gold.
D. factories.
D. factories.
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The three types of unemployment are
A) voluntary, involuntary, and structural. B) voluntary, part-time, and cyclical. C) frictional, part-time, and involuntary. D) frictional, structural, and cyclical.
A change in the slope of an isocost line is due to a change in
A) the price of one or both inputs. B) quantity of output. C) total cost. D) the output price.
Which of the following is a term referring to those already working for the firm as “insiders” who know the procedures, while the other workers who are recent or prospective hires are “outsiders”?
a. insider-outsider theory b. insider-outsider argument c. insider-outsider contract d. insider-outsider model
If country A had four times the initial level of real GDP per capita of Country B and it was growing at 1.4 percent a year, while real GDP was growing at 2.3 percent in country B, how long would it take before the two countries had the same level of real GDP per capita?