Last year domestic firms spent $115 billion on plant and equipment, of which $15 billion replaced equipment that had worn out during the year. In addition, they added $10 billion to inventories. In calculating GDP, national income accountants would add gross investment of:.
1. $95 billion
2. $100 billion
3. $125 billion
4. $110 billion

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.

Some years ago it was estimated that the demand for steel approximately satisfied the equation p=194-25x x, and the total cost of producing x units of steel was upper c left parenthesis x right parenthesis equals 145 plus 40 x. (the quantity x was measured in millions of tons and the price and total cost were measured in millions of dollars.) determine the level of production and the corresponding price that maximize the profits.

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question