If planned investment is equal to actual investment, then aggregate expenditure is equal to GDP
Indicate whether the statement is true or false
TRUE
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A "pure exchange economy" is one in which producers and consumers are evenly divided.
Answer the following statement true (T) or false (F)
Describe the product cycle, including addressing the various inputs that are required over time and the resulting production location decisions
What will be an ideal response?
When Chile experiences investment from abroad, it experiences, as a result,
a. an increase in productivity. b. a decrease in Gross National Product (GNP). c. lower wages for Chilean workers. d. None of the above is correct.
Use the above figure. If a commission regulates the above monopoly using fair-return (average cost pricing), then the industry's output will be ________ and the product's price will be ________.
A. Q1; P1 B. Q4; P1 C. Q2; P3 D. Q3; P2