The category of GDP called gross private domestic investment includes
A. all purchases of capital goods.
B. all exports of goods and services.
C. purchases made by private individuals.
D. inventories held over from previous years.
A. all purchases of capital goods.
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When the income distribution is described by and labeled A, what is the value of the Gini coefficient?
a. 0
b. 45
c. 1
d. 2
Something that would cause the long-run aggregate supply curve to shift to the right would be:
A. technological advance. B. discovery of a new oil reserve. C. increase in the growth rate of the labor force. D. All of these would shift the long-run aggregate supply curve to the right.
Planned investment is inversely related to the interest rate because the higher the interest rate, the higher the rate of return on investment projects
a. True b. False Indicate whether the statement is true or false
In the United States, what percentage of businesses are sole proprietorships?
a. 10% b. 25% c. 50% d. 75%