Author Question: If consumption = 2,000, investment = 600, government purchases = 500, net exports = 40, transfer ... (Read 47 times)

Medesa · **on:** Jun 30, 2018

If consumption = 2,000, investment = 600, government purchases = 500, net exports = 40, transfer payments = 340, then _____.
a. GDP = 2,720
b. GDP = 3,060
c. GDP = 3,140
d. GDP = 3,400
e. GDP = 3,340

Question 2

Suppose a change in technology increases the marginal product of labor. The result is a(n):
a. downward movement along the demand for labor curve.
b. rightward shift in the demand for labor curve.
c. leftward shift in the demand for labor curve.
d. upward movement along the demand for labor curve.