Author Question: Gross private domestic investment consists of _____. a. spending by individual households on ... (Read 17 times)

crobinson2013 · **on:** Jun 30, 2018

Gross private domestic investment consists of _____.
a. spending by individual households on automobiles and durable goods
b. spending by businesses on labor resources
c. net additions to business inventories
d. spending by government on welfare benefits
e. spending by households on stocks and bonds

Question 2

Suppose there are 100 identical firms producing package delivery services. One of the firms finds that when it has to pay a wage rate of 7, it hires 20 delivery people. The firm charges an average price of 10 to deliver a package. From this information, we know that the package delivery industry is hiring a total of:
a. 100 workers.
b. 200 workers.
c. 700 workers.
d. 2,000 workers.
e. 10,000 workers.