If the change in business inventories is zero, then final sales are

A. equal to GDP.
B. greater than GDP.
C. zero.
D. less than GDP.


Answer: A

Economics

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In order for any given commodity to be considered money, it has to

A) be issued and controlled by some governmental institution. B) have some intrinsic value. C) be generally acceptable as a means of payment. D) be used in barter transactions. E) be convertible into gold or silver.

Economics

Which of the following changes in disposable income would lead to the smallest increase in consumption?

a. a $20,000 increase in disposable income, if MPC equals 0.5 b. a $12,000 increase in disposable income, if MPC equals 0.75 c. a $15,000 increase in disposable income, if MPC equals 0.6 d. a $30,000 increase in disposable income, if MPC equals 0.25

Economics

Which of these is most likely to shift the long-run aggregate supply curve to the left?

What will be an ideal response?

Economics

Refer to the information provided in Figure 11.1 below to answer the question(s) that follow.  Figure 11.1 Refer to Figure 11.1. If the market rate of interest is 5%, this firm's investment will total

A. $5,000. B. $8,000. C. $15,000. D. $27,000.

Economics