Carla just started her new job working at the Department of Commerce. In order to see whether Carla “knows her stuff,” her boss asks her to put together a presentation on the current state of the economy. What is one of the economic indicators Carla could look at?
A. cost of housing
B. inflation rate
When calculating GDP, investment refers to the:
A. purchase of stocks, bonds or other financial assets.
B purchase of new capital goods like equipment and inventories
To arrive at Net National Product, start with GDP, then:
A. add income payments to the rest of the world
B. subtract depreciation