Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

58)The relationship between inputs and output is called a_____ function. a.Aggregate demand. b.Production. c.Reaction. d.Aggregate supply. 59)The 45-degree line represents all the points where... a.Actual

58)The relationship between inputs and output is called a_____ function.

a.Aggregate demand.

b.Production.

c.Reaction.

d.Aggregate supply.

59)The 45-degree line represents all the points where...

a.Actual expenditure equals planned expenditure.

b.Actual expenditure equals actual income.

c.Planned expenditure equals actual income.

d.Autonomous expenditure equals actual expenditure.

60)Which of the following is not a way to calculate GDP?

a.Expenditure-based GDP.

b.Output-based GDP.

c.Income-based GDP.

d.Implicit-price GDP.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

Technology Ventures From Idea To Enterprise From Idea To Enterprise

Authors: Richard C Dorf, Byers

3rd Global Edition

9780071289214

More Books

Students also viewed these Economics questions