ECO202HBF13MT1Key

False 27

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

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: itsinventoryattheendofthefourth quarterissmallerthanthevalueofitsinventoryattheendofthethirdquarter.These actionsaffectwhichcomponent(s)offourth ­quarterGDP? a. Theseactionsaffectonlyconsumption,andtheyaffectconsumptionpositively. b. Theseactionsaffectonlyinvestment,andtheyaffectinvestmentpositively. c. Theseactionsaffectconsumptionpositivelyandinvestmentnegatively. d. Theseactionsaffectbothconsumptionandinvestmentpositively. Answer:C 18. Supposetoday’sCPIis134.85,andsupposeonemustspend$580todaytopurchasethesame basketofgoodsandservicesthatcouldbeboughtfor$400in1989.ThentheCPIin1989 was a. 24.27 b. 60.68 c. 93.00 d. 195.53 Answer:C   19. Inanimaginaryeconomy,consumersbuyonlysandwichesandmagazines.Thefixedbasket consistsof10sandwichesand6magazines.Asandwichcosts...
View Full Document

  • Spring '14
  • Inflation, Tasty Cereal Company, of0200attending0200college 0200 exceeds0200the0200marginal0200benefit, indeterminate 0200 and0200depends0200on0200the0200magnitudes0200of0200these0200demand0200, 0200normative0200statement 0200

{[ snackBarMessage ]}

Ask a homework question - tutors are online