The services rendered by a special agent with the Federal Bureau of Investigation is included in which expenditure category of GDP?
a. consumption
b. investment
c. government purchases
d. net exports
c
You might also like to view...
Suppose a firm's hourly marginal product of labor is given by MPN = A (200 - N)
(a) If A = 0.2 and the real wage rate is $10 per hour, how much labor will the firm want to hire? (b) Suppose the real wage rate rises to $20 per hour. How much labor will the firm want to hire? (c) With the real wage rate at $10 per hour, how much labor will the firm want to hire if A rises to 0.5?
The terms "saving" and "savings" differ in that
A) saving is a stock, and savings are a flow. B) saving always exceeds savings. C) savings are a stock, and saving is a flow. D) savings can be negative, but saving cannot.
One interesting feature of federal government spending in the United States is that:
A. it has historically always been greater than the revenues generated. B. little of it is discretionary. C. the majority of it is discretionary. D. it has historically always been less than the revenues generated, until the last 20 years.
The shorter the time until a payment the:
A. higher must be the interest rate. B. higher the present value. C. lower the present value because time is valuable. D. lower must be the interest rate.