Which is included in the expenditures approach to GDP?
a. The monetary value of stocks and bonds owned by investors
b. Spending on used clothing by consumers at garage sales
c. Spending on meals by consumers at restaurants
d. The monetary value of used trucks purchased by construction companies
c. Spending on meals by consumers at restaurants
You might also like to view...
Wendell can sell five motor homes per week at a price of $22,000. If he lowers the price of motor homes to $20,000 per week he will sell six motor homes. What is the marginal revenue of the sixth motor home?
A) $10,000 B) $12,000 C) $20,000 D) $22,000
Plumbers and carpenters are examples of industrial unions
a. True b. False
Technological change is most likely to affect:
A. seasonal unemployment. B. cyclical unemployment. C. frictional unemployment. D. structural unemployment.
Suppose there are 100 firms in a market and all are identical. Firm A will hire 20 workers when the wage rate is $10, 25 workers when the wage rate is $9, and 30 workers when the wage rate is $8. The equilibrium wage rate for a number of years has been
$9. If the wage rate falls to $8, we know that A) the quantity demanded for the market will increase to 3,000 workers. B) the quantity demanded for the market will increase to more than 3,000 workers. C) the quantity demanded for the market will increase to less than 3,000 workers. D) the quantity demanded for the market will increase, but we can't tell which of the above answers is correct.