This topic contains a solution. Click here to go to the answer

Author Question: Suppose that Apple computer buys computer components for 10,000 and uses them to make ipods that ... (Read 143 times)

haleyc112

  • Hero Member
  • *****
  • Posts: 600
Suppose that Apple computer buys computer components for 10,000 and uses them to make ipods that they sell to Best Buy for 30,000 . Best Buy sells these ipods for 32,000 . As a result, GDP has risen by:
 
  a. 22,000
  b. 2,000
  c. 20,000
  d. 32,000

Question 2

Suppose an economy is in a steady state, then its saving rate falls, once and permanently. As the economy approaches its new long-run steady state, consumption per worker is ________.
 
  A) falling
  B) rising
  C) unaffected
  D) either rising or falling



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zenzy

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

D

Answer to Question 2

A




haleyc112

  • Member
  • Posts: 600
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

For a complete list of videos, visit our video library