Which of the following transactions will be included in the calculation of GDP using the expenditure method?
A) The sale of a used car by a consumer
B) The payment made to a construction worker
C) The purchase of a treasury bond by an investor
D) The purchase of a private jet by the CEO of a company
D
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All else constant, an improvement in technology would cause a firm's total, average and marginal product functions to increase (graphically, shift up)
Indicate whether the statement is true or false
There is _____ relationship between the rise in real wages and the rise in productivity.
A. a strong B. a weak C. no
Discuss whether the economy would be more or less efficient if public corporations issued fewer shares of stock.
What will be an ideal response?
If children go to school and become productive members of society,
A) a negative externality is created by the schools. B) a positive externality is created by the schools. C) no externality is created by the schools. D) an externality is created that may be positive or negative.