In order to build a table, a furniture company buys $50 worth of wood from a lumber company and $20 worth of hardware from a metal products firm. If the value added by the furniture company is $200, what price would the table sell for according to the value added approach to GDP?
a. $130
b. $150
c. $180
d. $200
e. $270
E
Economics
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If net capital flows were -28 billion and domestic investment was 17 billion, then the amount of domestic savings was
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The goods produced by oligopolists are close substitutes
Indicate whether the statement is true or false
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Setting the prime rate of interest is an example of
A. price leadership. B. cutthroat competition. C. covert collusion. D. strong competition.
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Which is not an example of M1 money?
a. currency b. a mutual fund c. travelers' checks d. a checking account
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