The market value of downtown real estate is most basically determined by the
A) assessment of the taxing authorities.
B) market value of the building already on a particular plot of land.
C) use to which it is currently being put.
D) uses to which people would like to put it if given a chance.
E) whatever it costs to convert the land to its next best use.
D
Economics
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If the utilization rates of capital and labor are procyclical, then
A) output will rise in recessions and decline in expansions. B) measured productivity will be constant. C) the Solow residual will be procyclical. D) prices will be countercyclical.
Economics
One of the most widely reported measure of inflation is the consumer price index
Indicate whether the statement is true or false
Economics