If capacity utilization by businesses remains constant, investment spending is likely to be the most volatile component of aggregate expenditures in the United States

If real GDP grows at a rate of 6 percent and population grows at a rate of 2 percent, then real GDP per person grows at a rate of

A) -3 percent. B) 8 percent. C) 2 percent. D) 4 percent. E) 0.5 percent.

Which of the following is a necessary feature of the notion of the market as a competitive process and the model of perfect competition?

A) Freedom of entry B) Price taking behavior C) Perfect and complete information D) All firms produce identical products. E) All of the above.