The value of every monetary transaction in the economy would be included in
a. GDP.
b. potential GDP.
c. personal income.
d. national income.
e. None of the above.
E
Economics
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Prices and returns for ________ bonds are more volatile than those for ________ bonds, everything else held constant
A) long-term; long-term B) long-term; short-term C) short-term; long-term D) short-term; short-term
Economics
Goodspeed Automobiles manufactures 100 disc brake cylinders. At this output level, its marginal revenue is equal to its marginal cost. If the revenue per unit of output is $500 and the per unit cost is $350, its profit is:
a. $20,000. b. $15,000. c. $45,000. d. $25,000. e. $10,000.
Economics