Consumption is spending by:
a. households on goods and services
b. households on capital goods and inventories.
c. businesses on corporate social responsibility initiatives.
d. government on subsidizing consumption goods.
a
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Refer to the information above. What is the value of net investment in period 5?
A) 17.5 B) 89.25 C) 106.75 D) 612.5
State the fundamental identity of national income accounting. Why is it not possible for this identity to be violated?
What will be an ideal response?
Which of the following would be most likely to help the residents of a nation produce a larger output and consume a wide variety of products at economical prices
What will be an ideal response?
Refer to Table 4-4. If a minimum wage of $9.50 is mandated there will be a
A) shortage of 20,000 units of labor.
B) surplus of 10,000 units of labor.
C) shortage of 10,000 units of labor.
D) surplus of 20,000 units of labor.