What is the largest component of GPDI?
A) residential fixed investment
B) nonresidential fixed investment
C) inventory investment
D) consumer durables
B
You might also like to view...
The table gives information about the economy of Japan. The economic growth rate in 1997 is ________ percent
A) 8.0 B) 0.8 C) 0.08 D) 0.008 E) 4
Refer to Figure 2-8. What is the opportunity cost of 80 dozen orchids?
A) 0 roses B) 2.5 dozen roses C) 40 dozen roses D) 200 dozen roses
If government intervention in the market creates market inefficiencies then
A) there is government failure. B) market failure. C) network externalities. D) the economy must be democratic.
The original Phillips curve implied or assumed that
A) the markup over labor costs was zero. B) the expected rate of inflation would be zero. C) the actual and expected rates of inflation would always be equal. D) all of the above E) none of the above