If in some year gross investment was $120 billion and net investment was $65 billion, then in that year the country's capital stock:
A. may have either increased or decreased.
B. increased by $65 billion.
C. increased by $55 billion.
D. decreased by $55 billion.
B. increased by $65 billion.
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Use the following table to answer the next question.OutputATC-1ATC-2ATC-3ATC-41,500$10$15$20$302,00091217252,50081015203,00012713183,50015611164,00018107144,50020128125,00024151195,500291913126,00035251514Plant sizes get larger as you move from ATC-1 to ATC-4.The firm's minimum efficiency scale occurs at what level of output?
A. 2,500 units B. 4,000 units C. 3,500 units D. 3,000 units
Lack of information to consumers on prices is a problem of
a. government failure b. externalities c. exploitation d. market failure e. none of the above
In Figure 3-7 above, the multiplier for a change in autonomous taxes is
A) 5. B) 4. C) 2.50. D) 1.
When fiscal policy is used, time lags are variable and last anywhere from
A) one to three weeks. B) one to three months. C) one to three years. D) one to three decades.