In the 48-year period of 1960 to 2008 , the approximate shares of U.S. GDP are

a. consumption 15 percent; investment 65 percent; government 20 percent; net exports zero
b. consumption 20 percent; investment 65 percent; government zero; net exports 15 percent
c. consumption 65 percent; investment 15 percent; government 20 percent; net exports zero
d. consumption 65 percent; investment zero; government 20 percent; net exports 15 percent
e. consumption 15 percent; investment 20 percent; government 65 percent; net exports zero

C

Economics

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Borrowers and lenders make transactions based on the

A) expected real interest rate less the expected rate of inflation. B) real interest rate. C) expected real interest rate. D) expected nominal interest rate.

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In which of the following market structures does a seller have NO market power?

A) Monopoly B) Oligopoly C) Perfect competition D) Monopolistic competition

Economics