Net investment plus depreciation is equal to:
A. gross depreciation.
B. gross domestic product.
C. gross exports.
D. gross investment.
Answer: D
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A hamburger costs $1.79 in New York and €2.54 in Paris. If the exchange rate is $0.93 per euro, what price difference exists in terms of the European currency?
a. The hamburger sells for €0.13 less in New York. b. The hamburger sells for €0.13 more in New York. c. The hamburger sells for €0.62 less in Paris. d. The hamburger sells for €0.62 more in Paris. e. The hamburger sells for the same price in both cities.
Using our model of consumer choice, is it possible for a consumer to buy less of a particular good when his income rises? Briefly explain
You may receive a margin call if
A. you have a long (buying) futures position and prices increase. B. you have a long (buying) futures position and prices decrease. C. you have a short (selling) futures position and prices decrease. D. Both A and C.
Income is distributed very unequally in ________ and very equally in ________
A) Finland and South Africa; Brazil and Sweden B) Brazil and South Africa; Finland and Sweden C) Finland and Sweden; Brazil and South Africa D) Brazil and Sweden; Finland and South Africa