Since 1955 the amount of the consumer dollar spent on services have
A. declined by five cents.
B. stayed about the same.
C. increased by thirty cents.
D. doubled.
C. increased by thirty cents.
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Business investment is usually more volatile than overall economic growth
Indicate whether the statement is true or false
When an American doctor opens a practice in Bermuda, his production there is part of U.S. GDP
a. True b. False Indicate whether the statement is true or false
During 2017, the rate of inflation was 2 percent. Daniel sold basketballs that year for $16. If Daniel continued to sell basketballs for the same price in 2018, how did the relative price of basketballs change?
a. –2 percent b. –1 percent c. 2 percent d. 1 percent
According to Keynes, a pessimistic outlook causes consumers and businesspersons to ____, and a recession could occur.
A. increase planned investment B. decrease planned spending C. increase exports D. decrease imports E. decrease saving