Which represents an expenditure that would be counted directly in GDP?
A. The distribution of corporate profits to stockholders.
B. The buying of corporate stock by an investor.
C. The buying of a used car by a consumer.
D. The payment of military salaries by the government.
Answer: D
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In the absence of well-defined property rights, we would likely find
A. people with less incentives to take risks. B. increases in investment activity. C. higher economic growth rates. D. people with more incentives to take risks.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.
Investment averages about ____ of GDP
a. 1/6 b. 1/8 c. 1/4 d. 1/2
If the slope of a demand curve is constant, then so is the elasticity on that demand curve.
Answer the following statement true (T) or false (F)