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Author Question: In a simple economy (without government or foreign trade) where output can be purchased only by ... (Read 57 times)

Anajune7

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on: Jun 30, 2018
In a simple economy (without government or foreign trade) where output can be purchased only by consumers or by firms, saving must equal
 
  A) depreciation. B) income. C) consumption. D) investment.

Question 2

There exists a strong ________ correlation between GDP per capita and ________.
 
  A) positive; child labor B) negative; life expectancy
  C) negative; child labor D) positive; unemployment rate
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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nothere

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


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