The share of U.S. personal saving in contractual form is ________, which helps ________ the effectiveness of stabilization policy
A) growing, enhance
B) growing, undermine
C) shrinking, enhance
D) shrinking, undermine
B
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How does the contribution to national output of a wheat farmer get counted in the gross domestic product if the Bureau of Economic Analysis measures only the value of final goods such as loaves of bread?
A) Agricultural production is not part of GDP. B) It is counted separately by the Department of Internal Revenue. C) It is included in the cost of materials purchased by those who sell loaves of bread. D) It is not counted, which results in an underestimation of GDP. E) Wheat is also a final good because it is more ultimate than bread.
An increase in the demand for a product will shift the demand curve for labor producing the product to the left
a. True b. False Indicate whether the statement is true or false
Figure 11-2
In Figure 11-2, at what quantity would the monopolist maximize profit?
a.
A
b.
B
c.
C
d.
D
In August of this year, Jack can best estimate the current year's GDP by:
A. multiplying the most recent quarter's GDP estimate by four. B. adjusting the first two quarterly estimates of GDP for seasonal variation. C. taking an average of the last four quarterly estimates of GDP available. D. looking back at previous years GDP in order to make an accurate projection.