{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

mcexamples - (d private public and international approaches...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
The two major reasons for the tremendous growth in output in the U.S. economy over the last 125 years are (a) population growth and low inflation. (b) population growth and increased productivity. (c) low unemployment and low inflation. (d) low inflation and low trade deficits. Answer: B The three approaches to measuring economic activity are the (a) cost, income, and expenditure approaches. (b) product, income, and expenditure approaches. (c) consumer, business, and government approaches.
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: (d) private, public, and international approaches. Answer: B A mathematical expression relating the amount of output produced to quantities of capital and labor utilized is the (a) real interest rate. (b) productivity relation. (c) production function. (d) marginal product. Answer: C Desired national saving equals (a) Y – C d – G . (b) C d + I d + G . (c) I d + G . (d) Y – I d – G . Answer: A...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern