If in the third quarter of 2016 total investment spending was $4,768 billion and depreciation was $3,292 billion, then the amount counted in GDP, which is known as gross investment, would be:
A. $1,476 billion.
B. $3,292 billion.
C. $4,768 billion.
D. $8,060 billion.
Answer: C
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A change in the slope of a budget constraint indicates:
A) a change in the price of either good that causes a change in the opportunity cost. B) a change in the consumer's income. C) a change in the price of either good without a change in the opportunity cost. D) a change in the consumer's tastes and preferences.
What is a surplus? What is a shortage?
What will be an ideal response?
Consumption spending refers to ________ spending on goods and services
A) government B) business C) foreign D) household
The demand curve for the product of a monopolist is
a. a straight horizontal line. b. identical to the market demand curve. c. identical to its MR curve. d. below its MR curve.