When the U.S. experiences economic growth, the poverty rate will:
A. fall, because growth has benefited everyone.
B. increase, because growth typically only benefits the richest 1 percent.
C. fall, because growth typically helps the poor more than the wealthy.
D. increase, because growth has benefited the wealthy more than the poor.
A. fall, because growth has benefited everyone.
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Suppose that investment is increasing. Most of the increase in real GDP that results is due to ________.
A. an increase in government purchases B. an increase in consumption C. additional increases in investment D. an increase in net exports
Refer to Table 7.1, which shows the relationship between the price that Gladys charges for a product and the quantity of that product that Gladys sells. The marginal revenue that Gladys receives from selling the fifth unit of output is:
A. $5, because that is the price per unit of output that Gladys receives. B. $5, because that is the quantity that Gladys sells. C. $25, because Gladys sells five unit of output at a price of $5. D. $1, because Gladys earns $1 more in revenue by increasing her output to five units from four units.