Investment is defined as
A) the purchase of a stock or bond.
B) the purchase of new capital goods by firms.
C) spending on capital goods by governments.
D) what consumers do with their savings.
E) financial capital.
B
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Prices of final goods and services in Eduland have increased by 23% between Year 1 and Year 2. If the GDP deflator of Eduland in Year 1 was 100, the GDP deflator of Eduland in Year 2 is ________
A) 50 B) 112 C) 103 D) 123
The U.N. has established a Millennium Poverty Goal of cutting in half by 2015 the number of people in extreme global poverty.
Answer the following statement true (T) or false (F)
The consumer price index (CPI) includes only a market basket of goods and services purchased by the typical urban consumer
a. True b. False Indicate whether the statement is true or false
The extra unemployment that occurs during periods of recessions is called ________ unemployment.
A. global B. structural C. cyclical D. frictional