Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced.
B. an unattainable production point.
C. what society wants.
D. the economy's optimal production point.
Answer: A
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Suppose that C = $700, I = $200, G = $200, NX = $100, and that the money supply is equal to $400. Based upon these assumptions, velocity is equal to ________________. If consumption and velocity both rise beyond their initial levels, then it follows that another component of spending ___________ necessarily fall
A) 3; must B) 3; does not C) 4; must D) 4; does not
The yield percentage of a stock is calculated as
A. the corporation's net worth divided by the number of shareholders. B. the book value of the stock divided by the number of shareholders. C. the expected appreciation of the stock. D. the stock dividend divided by the price of the stock.
Economists define the change in national income that is generated by a change in investment as
a. the marginal propensity to invest b. the investment multiplier c. the saving multiplier d. the income multiplier e. autonomous investment
What was the total for imports of goods in 2017?
a. -$2,361 billion b. -$1,183 billion c. $1,553 billion d. $1,537 billion