Refer to the above figure. Which variable is autonomous with respect to real GDP?
A. real investment spending
B. the sum of real consumption and real saving
C. real consumption spending
D. real saving
Answer: A
Economics
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If a toy store overestimates the demand for a toy in 2004 and, as a result, has an unexpectedly large number of toys in stock at the end of the year, the value of the inventory of these toys will be considered as: a. investment in 2004
b. investment in 2005. c. consumption in 2004. d. consumption in 2005. e. a part of GDP when the toys are sold.
Economics
To measure how productive workers in the economy are, the best measure to use would be
a. real GDP. b. GDP divided by the population. c. GDP divided by the nation's capital stock. d. GDP divided by hours worked.
Economics