Managed mutual funds perform better on average than index funds because stock prices are usually a good predictor of a company's true value

If C = $250, I = $50, G = $60, NX = -$20, and NFP = $5, how much is GNP?

A) $365 B) $335 C) $340 D) $345

A horizontally integrated firm produces products in a variety of industries (e.g., General Electric, which produces jet engines, air conditioners and microwave ovens)

a. True b. False