The consumer confidence index can be defined as:
a. an economic index that measures how consumers feel about their government.
b. an economic index that measures how confident companies are about keeping their current consumers.
c. an economic index that measures household expectations about the economy.
d. an economic index that measures how investors feel about their investments in the stock market.
e. an economic index used to measure consumers' confidence on a particular brand.
c
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If citizens of a country are not saving much, it is better to
a. force citizens to save. b. reduce investment. c. have foreigners invest in the domestic economy than no one at all. d. prevent opportunities for citizens to buy capital assets abroad.
If total output increases from $100 billion to $200 billion as population increases from 100 million to 150 million, then output per person:
A. remains constant. B. decreases. C. increases, but by less than 100 percent. D. doubles.