Which of the following is not considered investment in the national income accounts?
a. The purchase of a drill press by XYZ company
b. Construction of a new housing project.
c. The accumulation of inventories on a grocer's shelves.
d. The purchase of 1000 shares of IBM stock.
d
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GDP is supposed to measure the goods ________ the United States
A) purchased in B) produced in C) exported to D) imported to
Marginal cost indicates how much total cost increases if one more unit is produced or how much total cost drops if production declines by one unit
a. True b. False
GDP is a useful measure since it provides a single measure of the value of the entire variety of goods and services produced by an economy
a. True b. False Indicate whether the statement is true or false
To test whether the overall regression equation is statistically significant one uses
A. the standard error statistic. B. the F-statistic. C. the t-statistic. D. the R2-statistic.