Real GDP is $13 trillion and aggregate planned expenditure is $14 trillion. As a result, unplanned inventory change is ________ and real GDP ________
A) negative; decreases
B) positive; increases
C) negative; increases
D) positive; decreases
E) negative; does not change
C
Economics
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Assume hamburgers and french fries are complements. A decrease in the price of french fries will cause a movement from
A) Point A to Point B.
B) Point G to Point F.
C) D1 to D2.
D) S2 to S1.
Economics
In a small Asian country, it is estimated that a $10,000 increase in capital per hour worked will increase real GDP per hour worked by $600. Based on this information, what is the slope of the per-worker production function in this range?
A) 0.06 B) 6.6 C) 66.6 D) 666
Economics