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
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.
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?