Gross investment minus depreciation is equal to:
A. gross domestic product.
B. net investment.
C. personal investment.
D. nominal investment.
Answer: B
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A price floor is a
a. fixed point on the supply curve that represents the lowest price a producer will accept b. fixed point on the demand curve that represents the lowest price a consumer will pay c. minimum price set by the government that is positioned above the equilibrium price d. maximum price set by the government that is positioned above the equilibrium price e. maximum price set by the government that is positioned below the equilibrium price
If prices and wages adjusted rapidly and producers could quickly distinguish the difference between a change in the price level and a change in the relative price of their products, then an increase in the money supply growth rate would have at most a very short-lived affect on unemployment
a. True b. False Indicate whether the statement is true or false
A city finances a performing arts center by adding a $2.75 tax to each ticket sold.This is an example of taxation via the benefits principle
a. True b. False Indicate whether the statement is true or false
The market wage could be higher than the equilibrium wage if a worker
a. is a superstar. b. belongs to a labor union. c. has more human capital. d. All of the above are correct.