« previous next »

Author Question: For the U.S. economy, which of the following represents the largest component of GDP? A) imports ... (Read 48 times)

jho37

  • Hero Member
  • *****
  • Posts: 531
on: Jun 30, 2018
For the U.S. economy, which of the following represents the largest component of GDP?
 
  A) imports
  B) investment
  C) government spending
  D) exports
  E) none of the above

Question 2

Explain what factors cause changes in output in: (1 ) the short run; (2 ) medium run; and (3 ) long run.
 
  What will be an ideal response?


jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

In the short run, demand factors primarily cause changes in output. In the medium run, factors such as the technology, amount of capital, and the skill and size of the labor force (supply factors) affect output. And in the long run, the education system, saving rate, and role of government affect economic activity.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

The Murray Cod is Australia's largest wholly freshwater fish. The Murray Cod is Australia's largest wholly freshwater fish.
The spotted wobbegong is the largest wobbegong shark, reaching a length of around 3 m The spotted wobbegong is the largest wobbegong shark, reaching a length of around 3 m
A Royal Bengal Tiger, the largest big cat in Bannerghatta National Park, India A Royal Bengal Tiger, the largest big cat in Bannerghatta National Park, India
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
The experimental system that permits observation of rotation in the F1 component of F1F0 ATP (c) The experimental system that permits observation of rotation in the F1 component of F1F0 ATP (c)
Which reaction below represents Th decay by alpha emission? Which reaction below represents Th decay by alpha emission?
Video: Mendel's pea plant, Pisum sativum experimental

For a complete list of videos, visit our video library