Among the following, which would not be considered part of the investment component of GDP?
a. manufacturers' equipment
b. buying corporate stock
c. new houses
d. business structures
b
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According to the text, U.S. manufacturing data show that
a. the economy is rapidly becoming more concentrated into the hands of the few b. the economy today is less concentrated than it was in 1865, just after the Civil War c. concentration in the economy has remained fairly stable over the past 40 years d. the U.S. economy is much more concentrated than most other industrialized nations of the world e. concentration has fallen rapidly over the past 40 years
Which of the following is most important for the achievement of long-term prosperity and strong economic growth?
a. expansionary monetary policy b. expansionary fiscal policy c. price stability d. a balanced federal budget
The circular flow of economic activity is a model of the:
a. role of unions and government in the economy. b. influence of government on business behavior. c. flow of goods, resources, payments, and expenditures between the sectors of the economy. d. influence of business on consumers.
The Great Depression was characterized by:
A. the Roaring Twenties. B. accelerated economic growth. C. unemployment exceeding 25 percent. D. firms rapidly expanding their borrowing rates.