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Chapter 10

QuestionAnswer
True or False: The categories economists divide gross investment into are fixed and inventory investments. True
What do economists use to measure price change over time? Price Indexes
What does GDP stand for and what is it? GDP=Gross Domestic Product It is the total $ value of goods and services produced within a country during one calender year.
True or False: As people's incomes increase the amount the pay for taxes increases. True
How many stages is the business cycle divided into? Four
What is the capitol-to-labor rate? The amount of capital stock available per worker.
Created by: shinnyy13
 

 



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