The value of depreciation of the economy's capital stock, you find the inflation 10 %, nominal 14, economic 8 %. What is real?

Which of the following was not one of the likely causes of the productivity problem of the 1970s?

A. an increase in research and development spending B. a reduction in government regulation C. rapid growth in investment spending D. all of the above

Mary has an old house built in 1950 that she would be willing to sell for $100,000. If someone offers to buy her house at $110,000, Mary's producer surplus would be equal to:

A) $5,000. B) $10,000. C) $55,000. D) $100,000.