In 2010, China's Share of Investment Spending as a Percentage

question 54

Multiple Choice

In 2010, China's share of investment spending as a percentage of GDP was ________ Germany's share.

• A) less than half of
• B) slightly less than
• C) more than twice as much as
• D) roughly equal to

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Definitions:

Short Run

A period during which at least one of a firm's inputs is fixed, limiting its capacity to adjust fully to changes in market demand.

Short Run

A time period in economics during which at least one factor of production is considered fixed, limiting the ability of the economy or firm to adjust to changes.

Fixed Inputs

Inputs in the production process that cannot be easily increased or decreased in the short run, such as land or machinery.

Variable Inputs

Resources used in production that can vary in quantity in the short run, such as labor and raw materials.