Which of the following activities would be calculated as part of GDP accounts?
a. Drug trafficking.
b. Money laundry.
c. Prostitution.
d. Purchasing plastic surgery.
e. Burglary.
d
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Use the following figure to answer the next question. Total fixed cost at output level Q2 is measured by the vertical distance
A. 0C. B. DE. C. AD. D. CD.
The Ricardo-Barro effect refers to how ________ in response to a government budget ________
A) investment demand changes; deficit B) investment demand and saving supply change; surplus C) investment demand changes; surplus D) saving supply changes; deficit E) government budget changes; surplus or deficit
The high quality segment of the market may also be the same as the
A) unitary elasticity segment. B) low elasticity segment. C) high elasticity segment. D) economic profit segment.
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential