We can tell how much physical capital has been added to the economy by:
A. counting the number of persons of working age.
B. counting the number of persons of working age who are employed.
C. adding up the value of all tools, equipment, and structures that have ever been built.
D. taking into account both new investment and depreciation of capital.
Answer: D
You might also like to view...
If, in the game in Scenario 13.14, R moves first, C will respond with
A) Q = 50. B) Q = 100. C) Q = 150. D) a mixed strategy over the three choices that includes some positive likelihood for each Q. E) a mixed strategy over the choices Q = 50 and Q = 100.
What does the fact that U.S. students are falling behind other nations' students in math and science have to do with economic growth?
A) Nothing. People in the United States just don't like to fall behind in anything as a matter of pride. B) If U.S. students don't excel in math and science, the nation will see fewer plays written and fewer pieces of music composed. C) Better technology, a key to economic growth, depends largely on math and science skills. D) Math and science skills don't foster economic growth, but it takes math skills to calculate a nation's rate of economic growth.
Which of the following is not included in Nation A's financial account?
a. Foreign deposits of funds in savings accounts in Nation A. b. Foreign companies' profits on their operations in Nation A. c. Foreign purchases of Nation A's Treasury bills. d. All the above.
In the 1990s and early 2000s, mortgage lending standards ______________ in the United States. In general, there was a move _____________ traditional lending practices during this period
A) declined; away from B) declined; towards more C) became more strict; away from D) became more strict; towards more