Refer to Figure 8A.1. When the economy reaches K, total saving is represented by point ________ and depreciation is represented by point ________
A) Y; e B) Y; Y C) e; e D) e; Y
C
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In the short run, a rightward shift of the short-run aggregate supply curve ________ real GDP and ________ the price level
A) decreases; lowers B) increases; raises C) decreases; raises D) increases; lowers
If fixed cost is $200,000 and variable cost is $30 per unit over the relevant range of output, when 10,000 units are produced, the average total cost will be:
a. $20. b. $30. c. $50. d. $70.
In the long run, profit-maximizing monopolists facing a downward-sloping demand curve
A. can obtain profits greater than their opportunity costs of capital. B. can produce where average total costs are minimized C. can have a price that is the same as marginal revenue. D. All of these responses are correct.
A country has $45 million of domestic investment and net capital outflow of -$60 million. What is its saving?
a. $15 million b. -$15 million c. $105 million d. -$105 million