Chapter 10 Word Scramble
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Question | Answer |
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. |
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