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Author Question: If consumption = 2,000, investment = 600, government purchases = 500, net exports = 40, transfer ... (Read 18 times)

Medesa

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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.


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Ksh22

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

b

Answer to Question 2

b


Medesa

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bigcheese9

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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