Which of the following is not an example of human capital investment?
A. A leadership training course
B. A bachelor's degree
C. Software with spell-check included
D. All of these are examples of human capital investment.
C. Software with spell-check included
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In the short-run, if the Federal Reserve decreases interest rates, then consumption and investment ________, aggregate expenditure ________, and short-run equilibrium output ________.
A. increase; increases; increases B. increase; increases decreases C. decrease; decreases; decreases D. increase; decreases; decreases
In the United States, as measured by real GDP per person, average income is about how many times as high as average income a century ago?
a. 2 b. 4 c. 6 d. 8
If an economy produced 220 pounds of jelly beans at $5 per pound and 90 pounds of gum drops at $2 per pound in 2016, its real gross domestic product (GDP) was
A) 310 pounds of candy. B) $180. C) $1,100. D) $1,280.
Between 1945 and 1980, the national debt
a. as a percentage of GDP increased b. as a percentage of GDP decreased c. as a percentage of GDP remained relatively constant d. in dollar terms declined e. in dollar terms remained constant