In Economics, Which of the Following Is Considered "Land

question 84

Multiple Choice

In economics, which of the following is considered "land"?

• A)A hydroelectric dam.
• B)A 500 acre forest.
• C)bauxite deposits.
• D)underground pools of crude oil.
• E)All of the above except a hydroelectric dam are considered land.

Analyze the effect of capacity operation on financial projections.

Calculate the pro forma net income based on projected sales increases.

Understand the relationship between dividend payout ratios and additions to retained earnings.

Determine the required increase in fixed assets due to projected sales increases.

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Definitions:

Real GDP

The market value of all final goods and services produced within a country in a given period, adjusted for inflation.

Recessions

Phases of momentary economic slump that lead to a reduction in trading and industrial activities, frequently identified by declining GDP in two successive quarters.

Aggregate Demand

The total demand for all goods and services in an economy at a given general price level and in a given time period.

Aggregate Supply

The aggregate output of goods and services that companies in a national economy aim to market within a given timeframe.