In the economy of Talikastan in 2015, consumption was $6000, exports were $1000, GDP was $10,000, government purchases were $1800, and imports were $1200 . What was Talikastan's investment in 2015?
a. $0
b. $1200
c. $2400
d. $5600
c
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"The price elasticity of demand is a measure of how sensitive demanders are to changes in the price of a product." Is this statement true or false?
What will be an ideal response?
The downturn in the immigration cycle beginning in the 1850s is attributable to which group?
(a) Children (b) Grandparents (c) Women (d) Men
According to supply-side economics, changes in marginal tax rates will have which of the following effects?
A) change the incentive to work B) change the incentive to save C) change the incentive to invest D) all of the above
Because the demand for wheat tends to be inelastic, the development of a new, more productive hybrid wheat would tend to
a. increase the total revenue of wheat farmers. b. decrease the total revenue of wheat farmers. c. decrease the demand for wheat. d. decrease the supply of wheat.