Table 13-2 -Refer to Table 13-2. Consider a Simple Economy That Is

question 160

Multiple Choice

Table 13-2

-Refer to Table 13-2. Consider a simple economy that is made up of only two sectors, households and firms, and that investment is autonomous. Further, disposable personal income = real GDP. Suppose that actual real GDP in this economy is $500 billion in a particular period. We would expect to see

• A) unintended reductions in inventory, planned investment will exceed actual investment.
• B) unintended reductions in inventory, planned investment will be less than actual investment.
• C) unintended increases in inventory, planned investment will exceed actual investment.
• D) unintended increases in inventory, planned investment will be less than actual investment.

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Definitions:

Greatest Common Monomial Factor

The highest monomial that divides evenly into each term of an algebraic expression.

Factor By Grouping

A method for factoring polynomials that involves grouping terms with common factors and then factoring out those common factors.

Common Binomial Factor

A binomial that is a factor of two or more polynomials.

Prime Factors

Prime factors of a number are the prime numbers that divide the given number exactly, without leaving a remainder.