Refer to Scenario 10.8. The deadweight loss from monopoly is ________

Which of the following is not included in gross private domestic investment spending?

A) Household spending on residential construction. B) Spending on business inventories. C) Household spending on durable goods. D) Business spending on plant and equipment.

The vicious circle of poverty refers to the fact that in LDCs,

a. low living standards lead to declines in population growth. b. too much spending leads to periods of recession. c. people are poor because too much is spent on capital goods. d. there are not enough people in the under-15 age groups. e. poverty leads to low investment in capital goods.