Capital consumption allowance refers to
A) capital goods being used up in production through natural wear, obsolescence, and accidental destruction.
B) people sending money between countries.
C) the purchase of used factories.
D) the purchase of goods that allow households to consume more services.
A
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A recession is defined as at least ________ consecutive quarters of decline in real GDP.
A. two B. three C. four D. five
A two-tier gold market like the one created during the Bretton Woods System refers to
A) a private tier for private gold traders where the price would not be allowed to fluctuate, and an official tier for central banks where the official gold price would be allowed to fluctuate. B) a private tier for private gold traders where the price would not be allowed to fluctuate, and an official tier for central banks where the official gold price would rise on a yearly basis by pre-determined increments. C) a private tier for private gold traders where the price would be allowed to fluctuate, and an official tier for central banks where the official gold price would be set at $35 an ounce. D) a private tier for private gold traders where the price would be set at $35 an ounce, and an official tier for central banks where the official gold price would be allowed to fluctuate. E) a private tier for private gold traders where the price of gold would rise on a yearly basis by pre-determined increments, and an official tier for central banks where the official gold price would be set at $35 an ounce.
The use of a dummy variable in regression analysis indicates
A) that a researcher does not really know what to include in the equation. B) that a categorical variable is expected to have an impact on a dependent variable. C) that insufficient data is available for the analysis. D) the use of hypothetical data.
If disposable income is $400 billion, consumption spending is $380 billion, and MPC is 0.5, what is the level of saving?
a. $20 billion. b. $210 billion. c. $380 billion. d. $590 billion. e. $780 billion.