Assume that the telephone company built a new plant this year. The value of the new plant is
a. counted in GDP as public investment
b. not counted in GDP
c. not included in private investment spending
d. an intermediate good, but it is not counted in GDP
e. included in GDP
E
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In a perfectly competitive market that is operating at maximum efficiency, the Dansby-Willig index would be:
A. 1.00. B. 0.50. C. zero. D. 0.25.
What is the opportunity cost of investing $10,000 of your own money into a business you wish to start?
What will be an ideal response?
The nominal rate of interest is
A. not influenced by inflation. B. the interest rate observed in the market minus the inflation premium. C. a value that depends upon the stock market. D. the interest rate observed in today's market.
Which of the following is the closest example of a perfectly competitive market?
A. gasoline stations B. beer C. soybeans D. fast foods