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Author Question: In a small European country, it is estimated that changing the level of capital from 8 million to 10 ... (Read 78 times)

mia

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on: Jun 29, 2018
In a small European country, it is estimated that changing the level of capital from 8 million to 10 million will increase real GDP from 2 million to 3 million.
 
  If the number of hours worked in the labor force does not change, what does this information tell you about the slope of the per-worker production function in this range?
  A) The slope is -2. B) The slope is 1/2. C) The slope is 2. D) The slope is 4.

Question 2

When aggregate expenditure = GDP
 
  A) net exports equal zero. B) macroeconomic equilibrium occurs.
  C) saving equals zero. D) the federal budget is balanced.


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Missbam101

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


mia

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

chereeb

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Reply 3 on: Yesterday
Excellent

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