Which one of the following is not a component of GDP, as measured using the expenditure approach?
a. Personal consumption.
b. Exports.
c. Durable goods.
d. Government spending.
e. Interest.
e
Economics
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What effect, if any, will a good college education have on your human capital? Explain your answer
What will be an ideal response?
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When the marginal product of labor exceeds the average product of labor
A) the average product of labor is increasing. B) the average product of labor is decreasing. C) the total product curve is negatively sloped. D) the firm is experiencing decreasing returns to scale.
Economics