For an actual economy, total expenditures on goods and services by households does not equal GDP because
a. household spending exceeds their incomes
b. household expenditures on goods and services falls short of GDP, since household save for the future.
c. household expenditures include only goods, since services are intangible and cannot be measured accurately.
d. household expenditures on goods and services are made using borrowed funds.
b
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A horizontal merger involves
a. two companies in the same line of business joining together b. a buyer's expanding operations forward toward the final customer c. a buyer's expanding operations backward toward the source of raw material d. companies in unrelated lines of business coming together e. b and c
When real interest rates fall in the United States relative to interest rates in Japan, the yen appreciates and the dollar depreciates
Indicate whether the statement is true or false
Since 1970, federal expenditures by regulatory agencies have
A. decreased slightly. B. remained constant. C. increased slightly. D. increased dramatically.
Refer to the above table. If the price of the good produced is $9, the marginal revenue product of the 13th worker is
A. $684. B. $63. C. $36. D. $81.