Which of the following is not a reason that capital deepening is an important source of economic growth?
(A) More investment funds are made available to businesses.
(B) Investment in human capital causes workers to be more valuable to employers.
(C) Enhanced training programs improve the productivity of workers.
(D) More physical capital improves efficiency and productivity.
Ans: (A) More investment funds are made available to businesses.
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The Roomba 570 is a robotic vacuum cleaner made and sold by iRobot. It can vacuum 4 rooms on a single battery charge and it costs $2 of electricity to charge the Roomba
Lynn is a house cleaner and can vacuum 4 rooms in 1 hour with a traditional vacuum. Suppose you want the 4 rooms in your house vacuumed once a week for one year. Ignoring the cost of any electricity Lynn uses, what is the maximum Lynn could charge per hour for you to choose her over the Roomba? A) $10.23 per hour B) $20.45 per hour C) $8.27 per hour D) $16.54 per hour
By 2016, the dollar value of the debt had climbed:
A. to 104 percent of GDP. B. to just under $500 billion. C. to $800 billion. D. down to 80 percent of GDP.
Which of the following is included in GDP?
a. a U.S. company purchasing stock of a foreign company b. a foreign company purchasing stock of a U.S. company c. a U.S. company purchasing stock of another U.S. company d. None of the above.
What do real interest rates account for that nominal interest rates do not?