Multiple Choice
When an economy's production capacity is expanding:
A) nominal GDP, but not necessarily real GDP, is rising.
B) net exports is always a positive amount.
C) disposable income exceeds personal income.
D) gross investment exceeds depreciation.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: The GDP deflator or price index equals<br>A)gross
Q36: A distinguishing characteristic of public transfer payments
Q36: All expenditures on new construction are included
Q37: In Year 1, inventories rose by $25
Q38: Suppose ZZZ Corporation issues new common stock
Q39: If we add up the figures for
Q43: All figures are in billions of dollars.
Q44: The term "real GDP" refers to:<br>A)the value
Q45: Nondurable goods are products:<br>A)with expected lives of
Q46: Economists define investment to include:<br>A)any increase in