If labor is fixed at 5 units, how much does the second unit of capital add to total output? Amount of total output produced from various combinations of labor and capital.

A. 490
B. 390
C. 100
D. 50
E. none of the above

Answer: C

Economics

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The amount of price inflation that the economy experiences eventually depends on the size of the spending multiplier.

Answer the following statement true (T) or false (F)

Economics

Table 36-2 ? Domestic ? ? ? GDP Expenditure ? Exports Imports Total Expenditures (Y) C+ I + G (X) (IM) C+ I + G + (X?IM) $2,500 $3,100 $650 $250 _____ 3,000 3,400 650 300 _____ 3,500 3,700 650 350 _____ 4,000 4,000 650 400 _____ 4,500 4,300 650 450 _____ 5,000 4,600 650 500 _____ 5,500 4,900 650 550 _____ In Table 36-2, what are net exports when GDP = 3,500?

A. 400 B. 300 C. 200 D. 100

Economics