The portion of income that is spent on productive inputs, such as factories, machinery, and inventories, is called:
A. investment.
B. savings.
C. consumption spending.
D. loanable funds.
A. investment.
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Indicate whether the statement is true or false
A takeover implies that
a. the common shareholders buy out the bondholders b. the government takes over the corporation c. someone or a group is able to purchase all of the outstanding common stock in a corporation d. the board of directors takes control of the corporation e. a proprietorship sells out to a partnership
Fiat money has value because it
a. is backed by gold. b. can be used to buy goods and services. c. can be exchanged for precious metals at a fixed price. d. can be divided into smaller units. e. All of the above are correct.
If real GDP is $1000 billion and the aggregate expenditure is $850 billion, then the change in inventories will be
A. $150 Billion B. $1,850 million. C. –$1,850 million. D. –$150 million.