In a recession, GDP ?
In a recession, GDP ? A. Grows negatively B. Grows slowlyC. Grows by 0% D. Grows rapidly
In a recession, GDP ? A. Grows negatively B. Grows slowlyC. Grows by 0% D. Grows rapidly
Economic growth can be measured by ? A. The CPI B. The CBI C. GDP D. MPC
A reflationary policy ? A. increase injections B. Reducing taxation ratesC. Reducing interest rates D. Reducing government spending
For equilibrium in an open four sector economy ? A. Actual injections = actual withdrawals B. Planned injections = planned…
If injections are greater than withdrawals ? A. National income will increase B. National income will decrease C. National income…
An increase in national income is likely to ? A. Decrease tax receipts B. Worsen the balance of trade C.…
An increase in national income is ? A. Likely in increase exports B. Likely to decrease savings C. Likely to…
Companies in the private sector are owned by ? A. The government B. holdersC. Employees D. The community
Normal profit occurs when ? A. Average revenue equals average variable cost B. Marginal revenue equals marginal cost C. Average…
To be allocatively efficient a firm must produce where ? A. The total cost equals demand B. The average revenue…