No matter what economy we consider, the components of aggregate expenditure include consumption and
a. saving
b. intended investment
c. the income multiplier
d. imports
e. MPS
B
You might also like to view...
The table above gives the production possibilities frontier for two countries, Anaconda and Bear. The opportunity cost of moving from ________ is greater for ________
A) point E to point D; Bear B) point A to point B; Anaconda C) point B to point A; Bear D) point D to point E; Bear E) any point to any other point; Bear
Refer to Table 2.3. Assume that 2010 is the base year. The GDP deflator for 2010 is
A) 67.1. B) 84.5. C) 100.0. D) 118.3.
Prospective sunk costs
A) are relevant to economic decision-making. B) are considered as investment decisions. C) rise as output rises. D) do not occur when output equals zero.
A country’s economic growth is determined by its level of productivity, which in turn is determined by its ______.
a. standard of living, natural resources, technology, and human capital b. technology, natural resources, human capital, and physical capital c. population size, infrastructure, physical capital, and natural resources d. age, population size, natural resources, and infrastructure