Between 1980 and 2000, income per person in India
A) doubled.
B) tripled.
C) quadrupled.
D) decreased by 25 percent.
A
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Which of the following situations leads to an unplanned increase in inventories of $2.0 trillion?
A) real GDP = $5.0 trillion and aggregate planned expenditures = $5.0 trillion B) real GDP = $6.0 trillion and aggregate planned expenditures = $4.0 trillion C) real GDP = $8.0 trillion and aggregate planned expenditures = $5.0 trillion D) real GDP = $5.0 trillion and aggregate planned expenditures = $7.0 trillion E) More information is needed about planned investment and actual investment.
Equilibrium GDP is equal to
A) autonomous expenditure times the multiplier. B) autonomous expenditure times the marginal propensity to consume. C) autonomous expenditure times the marginal propensity to save. D) autonomous expenditure.