Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2.What is considered an investment in macroeconomics? Suppose that LeBron James buys a new contemporary house for himself. Is this considered an investment? Explain. What

2.  What is considered an investment in macroeconomics? Suppose that LeBron James buys a new contemporary house for himself. Is this considered an investment? Explain. What about if the company "Wabco" buys $1 million worth of stocks in existing companies.

3.  Are the following examples of investment?


a) the purchase of a new robot for painting car parts

b) a new X-ray machine for a  doctor’s office

c) a purchase of $1000 in Google stock

d) new computer software for quality control in production of chemicals

e) a new minivan your family purchases for family trips

f) a purchase of a $500 savings bond for a graduation present

4.  Does Investment always equal Savings in an economy?  Explain.

5.  What is productivity? How is productivity related to the technological development? Give an example.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

2 In macroeconomics an investment typically refers to spending on capital goods that will be used fo... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Core Concepts Of Accounting Information Systems

Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman

11th Edition

9780470507025, 0470507020

More Books

Students also viewed these Economics questions

Question

=+b) What is the standard deviation of the sample range?

Answered: 1 week ago