If the MPC = .80, and investment rises from $100 to $150, real GDP will increase by:
A. $50.
B. $125.
C. $200.
D. $250.
Answer: D
Economics
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Scott used $4,000,000 from his savings account that paid an annual interest of 5% to purchase a hardware store. After one year, Scott sold the business for $4,100,000 . His accounting profits is:
a. $300,000 b. $100,000 c. $80,000 d. $20,000
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Which of the following is most likely to belong to a union?
a. a government employee b. a salesperson c. a chef at a four-star restaurant d. a taxi driver
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Countercyclical policy
What will be an ideal response?
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One of the main drivers of industrialization in South Korea was
A. an increase in human capital. B. decreased trade with developed countries. C. the accumulation of new technology. D. trade with North Korea.
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