Given the equations for C, I, G, and NX below, what is the marginal propensity to consume?
C = 1,000 + 0.8Y
I = 1,500
G =1,250
NX = 100
A) 0.2 B) 0.8 C) 1.8 D) 10
B
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U.S. real GDP
A) measures the change in the price level over time. B) precisely measures the improving standard of living in the United States. C) excludes the value of underground production and leisure time. D) includes the value of underground production but excludes the value of leisure time. E) is not as accurate as nominal GDP when measuring standard of living changes over time.
When a transfer price increases
a. the profits of the division producing the intermediate product will rise b. the profits of the division producing the intermediate product will fall c. the costs of the division producing the intermediate product will rise d. the costs of the division producing the intermediate product will fall
Which of the following statements is true? a. Money market mutual funds were originally introduced by the Federal Reserve Bank of New York
b. Money market mutual funds initially constituted serious competition to banks and thrifts for the deposits of savers. c. Money market mutual funds were not originally offered by commercial banks and still are not offered by them. d. Money market mutual funds represent a pooling of cash assets from many countries, like dollars, francs, and pesos. e. Money market mutual funds are not able to offer their customers check-writing privileges.
Accountants include ________ costs as part of a firm's costs, while economists include ________ costs.
A. explicit; no explicit B. implicit; no implicit C. explicit and implicit; implicit D. explicit; explicit and implicit