Per capita GDP is
a. real GDP divided by the GDP deflator
b. a measure of income per person
c. a measure of resources available to each person
d. an indicator of the overall production of a government
B
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By the accelerator hypothesis, if a firm's actual sales jump in one period to a higher maintained level, that firm's capital stock
A) also jumps in one period to a higher maintained level. B) gradually drifts upward to a higher maintained level. C) jumps upward and then falls back to zero. D) jumps upward and then falls back part of the way.
The accompanying figure shows the production possibilities curve for the island of Genovia:
The opportunity cost of producing a car in Genovia is:
A. 50 tons of agricultural products. B. 5 tons of agricultural products. C. 5,000 tons of agricultural products. D. 500 tons of agricultural products.
Roads, telephone lines, power facilities, and schools are examples of a nation's
A. technostructure. B. infrastructure. C. physiostructur D. sociostructure.
According to marginal analysis, you should choose to do something if the extra benefit:
A. is positive. B. outweighs the extra cost. C. exceeds the benefits of the previous time spent on the activity. D. will change the outcome.