Which of the following expenditures would increase the consumption component of U.S. GDP?
A. You buy a used book about finance.
B. You buy 1,000 shares of stock.
C. You buy a new house.
D. You buy a pizza.
Answer: D
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Refer to the following graph. An increase in demand is reflected as
a. a shift of the demand curve from D to D1.
b. a shift of the demand curve from D to D2.
c. movement from point A to B along demand curve D.
d. movement from point A to E when the price is $12.50.
Which of the following is not an option for a perfectly competitive firm in the short run?
A) Increase its level of production. B) Decrease its level of production. C) Shut down. D) Exit the market altogether.
Combined federal, state, and local government expenditures in the United States were approximately 9 percent of the gross domestic product (GDP) in 1930 . How large were government expenditures as a share of GDP in 2012?
a. approximately 15 percent b. approximately 25 percent c. approximately 30 percent d. approximately 38 percent
The percentage of households with a Head Start enrollee where no one in the household has a job is
A. 5%. B. 67%. C. 33%. D. 50%.