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Author Question: Suppose that Apple computer buys computer components for 10,000 and uses them to make ipods that ... (Read 97 times)

haleyc112

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on: Jun 30, 2018
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


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zenzy

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

D

Answer to Question 2

A


haleyc112

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Reply 2 on: Jun 30, 2018
Gracias!

mjenn52

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Reply 3 on: Yesterday
Excellent

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