In the United States, the growth rate of expenditures has been most volatile for
A) durable goods.
B) nondurable goods.
C) services.
D) The volatility has been roughly equal for all three categories of consumption expenditures.
A
You might also like to view...
Which of the following does not reflect a positive rate of time preference?
a. Concert-goers yell and scream when the stage is still dark an hour after the concert was scheduled to start. b. Borrowers have to pay interest on loans. c. A dieter, allowed three ounces of butter per day, spends the whole allotment on her toast at breakfast. d. A dieter, allowed three ounces of butter per day, promises himself some new clothes if he can break the habit of spending the whole allotment on his toast at breakfast. e. A student stays up late every night for a week to finish her term paper two months before it is due.
If spending increased by $100, and the GDP increased $400 as a result, the MPC must be:
A. 0.70 B. 0.75 C. 4 D. 2
In a December 2007 New York Times column, Paul Krugman noted that
a. it is difficult to find instances of trade between high-wage countries in the modern era. b. it is difficult to find instances of trade between high-wage countries and low-wage countries in the modern era. c. the United States now imports more oil and other raw materials from other advanced countries than from the third world. d. the United States now imports more manufactured goods from the third world than from other advanced countries.
Everyone agrees that globalization causes greater income inequality between rich and poor countries
Indicate whether the statement is true or false