Which of the following macroeconomic variables is a small part of real GDP, yet accounts for a large share of the fluctuation in real GDP?
a) unemployment
b) consumer spending
c) auto sales
d) investment
Answer: d) investment
Economics
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Why does depreciation decrease the stock of capital?
What will be an ideal response?
Economics
A factor market is any place or process where
A. Finished services are bought and sold. B. Land, labor, or capital is bought and sold. C. Finished goods are bought and sold. D. None of the choices are correct.
Economics
Refer to the above graph. When the quantity of product X sold increases from 14,000 to 16,000, the price elasticity of demand for product X is:
A. perfectly inelastic. B. unit-elastic. C. inelastic. D. elastic.
Economics
One disadvantage of a partnership is
A) limited liability. B) lower monitoring costs. C) difficulty raising funds. D) it permits greater specialization.
Economics