Which of the following is an aggregate?

A) the number of shoes in one man's closet
B) the bushels of apples one farmer sells
C) the price of a particular textbook
D) the total production of all goods and services


Answer: D

Economics

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A reduction in the rate of population growth

A) always causes an increase in economic growth. B) never causes an increase in economic growth. C) may or may not cause an increase in economic growth. D) will cause a reduction in economic growth if accompanied by an increase in the rate of growth of real GDP.

Economics

Give an example, not similar to the text material, where you erroneously took sunk costs into account where it was inappropriate to do so.

What will be an ideal response?

Economics

The long-run supply curve for a competitive, decreasing-cost industry is downward sloping.

Answer the following statement true (T) or false (F)

Economics

GDP per person

What will be an ideal response?

Economics