If the savings rate in an economy is 30%, and the level of investment in the economy is $400, the GDP of the economy must be:
A) $1,900.25. B) $1,111.22. C) $1,333.33. D) $1,750.50.
C
Economics
You might also like to view...
The quantity effect of a price reduction causes:
A) a decrease in revenue because of a lower price. B) an increase in revenue because of increased sales. C) an increase in labor demand due to increased sales of the product. D) a decrease in labor demand because of a lower price of the final product.
Economics
Which of the following is one of the most widely followed stock indexes in the United States?
A) the Fortune 500 B) the Securities and Exchange Commission C) the Dow Jones Industrial Average D) the Chicago Mercantile Exchange
Economics