The MPP of capital is defined as the
a. change in total output divided by the change in loanable funds
b. change in loanable funds divided by the change in total output
c. contribution of loanable funds to the final product
d. change in total cost attributed to employing one more unit of loanable funds
e. change in output generated by employing one more unit of loanable funds
E
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If the growth rates of nominal GDP and real GDP in an economy are 6% and 2% respectively, the inflation rate in the economy must be:
A) 2%. B) 8%. C) 4%. D) 3%.
Pierre is French Canadian, and like many Canadians he is experiencing booming good economic times. His good fortune is likely to impact U.S. aggregate demand in what way? a. Positively, because he prefers to make all his purchases in Canada from Canadian firms. b. Negatively, because he prefers to make all his purchases in Canada from Canadian firms. c. Negatively, since we are all members of
North American Free Trade Zone. d. Positively, since he will be in a better position to purchase U.S.-made goods.