If capacity utilization by businesses remains constant, investment spending is likely to be the most volatile component of aggregate expenditures in the United States
a. True
b. False
Indicate whether the statement is true or false
False
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In this year, Country A has a real GDP per person that is 4 times greater than that of Country B. Country B's growth rate of real GDP per person is 3.5 percent per year
How many years will it take for Country B's real GDP per person to reach the same level that Country A had in this year? A) 10 years B) 20 years C) 40 years D) 60 years E) 56 years
Which of the following is the BEST example of a public good?
A) public transportation by bus B) clean air C) community swimming pools for which the user must pay a fee D) postal services
What is the marginal cost of producing one unit of A for an economy that produces only two goods, A and B
Suppose an influenza pandemic were to significantly decrease the population of a country. We would predict a decrease in the marginal product of land in that country
a. True b. False Indicate whether the statement is true or false