Depreciation is included in GDP, but excluded from NNP.
Answer the following statement true (T) or false (F)
True
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When gross investment is greater than depreciation, then the nation's capital stock increased
Indicate whether the statement is true or false
For an oligopolistic firm, which of the following can be identified as a strategy?
A) Produce 10,000 units regardless of what the rivals do. B) Advertise if the rival advertises, do not advertise if the rival does not advertise. C) Raise the price if the rival raises the price, keep the current price if the rival lowers its price. D) All of above.
You are considering staying in college another semester so that you can complete a major in economics. In deciding whether or not to stay you should
a. compare the total cost of your education to the total benefits of your education. b. compare the total cost of your education to the benefits of staying one more semester. c. compare the cost of staying one more semester to the benefits of staying one more semester. d. compare the total benefits of your education to the cost of staying one more semester.
The aggregate demand curve shows the ________.
A. inverse relationship between the price level and the quantity of real GDP purchased B. direct relationship between real-balances and the quantity of real GDP purchased C. direct relationship between the price level and the quantity of real GDP produced D. inverse relationship between interest rates and the quantity of real GDP produced