We calculate the amount of physical capital in an economy by adding up the value of all:

A. skills and expertise of the working age population.
B. skills and expertise of all employed people.
C. tools, equipment, and structures.
D. technological capabilities used in production.


Answer: C

Economics

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Fill in the blank(s) with the appropriate word(s).

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Indicate whether the statement is true or false

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The concurrent problems of inflation and unemployment are termed:

a. depression. b. downturn. c. deflation. d. demand-pull inflation. e. stagflation.

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Real GDP is calculated because

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Economics