When we add the up value of all capital goods, we determine
a. private investment
b. the capital stock
c. a flow phenomenon
d. GDP
e. inventory
B
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Americans generally spend more than _____ of their incomes on services.
A. one-third B. one-half C. two-thirds D. three-quarters
What is the annual rate of growth of per capita real Gross Domestic Product (GDP) if real GDP grows at a constant rate of 4 percent per year and the annual rate of population growth is 2 percent?
A. 4 percent B. 2 percent C. -2 percent D. 6 percent
The primary focus of energy economics is how:
A. Energy consumption is increasing B. Energy production is decreasing C. People deal with the scarcity of energy D. People conserve crude oil for future use
The demand for money is:
A. limited by the amount of currency printed by the government. B. unlimited, since people want to hold as much money as possible. C. the amount of income an individual chooses to hold in the form of money. D. the amount of wealth an individual chooses to hold in the form of money.