Which of the following would increase gross private domestic investment in an economy?
A) an increase in the shares of Apple stock households own
B) an increase in the number of workers Apple hires
C) an increase in the level of Apple's inventory
D) an increase in the number of highway construction projects the government is funding
Answer: C
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To measure productivity in an economy, we compute the actual real GDP and then divide it by
A) the number of years over which it was produced. B) the amount of labor that went into producing it. C) the capital stock in existence at the time. D) the value of the capital stock that was used up in the process of production. E) the natural real GDP in the same period.
Which of the following is a function performed by market prices?
a. Market prices communicate information to buyers and sellers. b. Market prices coordinate the decisions of buyers and sellers. c. Market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. All of the above are functions performed by market prices.