The best measure of net investment is

A. Gross investment per capita.
B. Real GDP growth rate.
C. Gross investment less depreciation.
D. Real GDP per worker.


Answer: C

Economics

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In the figure above, if the wage rate is $6 per hour, then the

A) firms' surplus is the area d + e + f. B) workers' surplus is the area a + b + c. C) deadweight loss equals zero. D) Only answers A and C are correct. E) Answers A, B, and C are correct.

Economics

Who argued that the economy should be left to itself to close a recessionary gap?

a. John F. Kennedy b. John Maynard Keynes c. Mercantilists d. Classical economists e. Socialists

Economics

If policy makers do nothing in a recessionary gap, the most likely outcome is a

a. drop in the inflation rate and a rise in the unemployment rate. b. drop in the inflation rate and a drop in the unemployment rate. c. rise in the inflation rate and a drop in the unemployment rate. d. rise in the inflation rate and a rise in the unemployment rate.

Economics

How is perfect competition similar to and different from monopolistic competition?

What will be an ideal response?

Economics