Explain the relationship among output, saving, and investment
What will be an ideal response?
The level of output (per worker) will depend on the capital-labor ratio. The amount of capital will depend on investment (and depreciation). Investment will, in turn, depend on the amount of saving. Changes in saving will cause changes in investment, capital, and, therefore, output.
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___________ is a process rather than an end-state, beginning with an unsatisfied need that creates tension or direction
a. Expertise b. Motivation c. Resilience d. Challenge
The demand for labor is called a "derived demand" because it is:
A. derived from the demand for the products it is used to produce. B. affected by the demand for consumer products workers produce. C. affected by the price of consumer products workers produce. D. All of these
Consider the following data for a firm over a period of time. The contribution of the firm to domestic output by the value-added method is:
A.
$5,000
B.
$40,000
C.
$45,000
D.
$50,000
Everything else held constant, an increase in planned investment expenditure ________ aggregate ________
A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply