Which of the following is not part of the investment component of GDP?
a. residential construction
b. plant, equipment, and software
c. net imports
d. business structures
c
You might also like to view...
Which firm has higher marginal costs?
a. Jim's Production b. Competitor's production c. They both have the same fixed costs d. Need more information
A lender of last resort is a financial institution that is willing and able to lend to: a. individuals who have other debts outstanding
b. individuals who do not have a positive net worth. c. banks that are not members of the Federal Reserve System. d. fractional reserve system banks experiencing runs on their deposits. e. Federal Reserve System member banks experiencing runs on their deposits.
If the price of oil increased by 15 percent when oil producers believed that other prices were rising 10 percent over the same period, what would happen to the quantity of real output supplied by the oil industry?
If the federal government's expenditures are less than its tax revenues, then
A) a budget surplus results. B) a budget deficit results. C) the budget is balanced. D) No conclusion can be drawn here regarding the budget surplus or deficit without information regarding government purchases versus other outlays.