Historically, the total amount of real capital per worker in the United States has:
A. Provided financing for the industrial expansion of business
B. Increased significantly and made labor more productive
C. Been the single most important determinant of economic growth
D. Remained relatively constant, although the quality of capital has improved dramatically
B. Increased significantly and made labor more productive
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If the marginal propensity to consume is 4/5 then what must the marginal propensity to save?
a. 2/5 b. 3/5 c. 8/10 d. 1/5
A real estate salesperson sells a house in 1999 that was built in 1990. How does this transaction get counted in the GDP statistics?
What will be an ideal response?
Refer to the data provided in Table 10.1 below to answer the following question(s).
Table 10.1 
Refer to Table 10.1. The marginal revenue product of the ________ worker is $150.
A. second B. third C. fourth D. fifth
Those that lose from the imposition of rent control are
A. all tenants. B. those tenants who lose their apartments. C. taxpayers. D. tenants who pay lower rent.