Fixed-money assets, like stocks and bonds, are included in which of the following components of GDP?
A. Government spending
B. Venture capital
C. Consumer spending
D. They are not included in GDP measurement.
Answer: D
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The problem typically during a recession is not that there is too little money, but too little spending. If the problem was too little money, what would be its cause? If the problem was too little spending, what could be its cause?
What will be an ideal response?
The economic functions of government include
A) determining prices. B) setting wages in the public sector. C) protecting property rights. D) welfare.
Nominal GDP will always equal real GDP: a. if prices are declining
b. in the base year. c. if prices are increasing. d. if the economy's total production does not change.
If the MPP of a worker is 12 units per hour and the wage rate is $10 per hour, the unit labor cost is equal to $1.20 per unit of output.
Answer the following statement true (T) or false (F)