Podcast
Questions and Answers
According to the assumptions in the text, which equation represents the nation's output (NNP)?
According to the assumptions in the text, which equation represents the nation's output (NNP)?
- NNP = C + I + G (correct)
- EL + EC + ET
- C + I + G
- M x V = P x Q
Based on the assumptions in the text, which equation represents the unit costs of labor?
Based on the assumptions in the text, which equation represents the unit costs of labor?
- EL + EC + ET
- Unit costs of labor would be assumed to remain constant for the economy as a whole. (correct)
- M x V = P x Q
- C + I + G
According to the assumptions in the text, which equation represents the expanded purchasing power tied to increased capital incomes?
According to the assumptions in the text, which equation represents the expanded purchasing power tied to increased capital incomes?
- C + I + G
- M x V = P x Q
- Increased purchasing power would be directly tied to increased capital incomes. (correct)
- EL + EC + ET
According to the text, what would be the basis for all growth in net national product (NNP)?
According to the text, what would be the basis for all growth in net national product (NNP)?
According to the text, what would be the limits of consumer spending (C) under the binary growth economic model?
According to the text, what would be the limits of consumer spending (C) under the binary growth economic model?
According to the text, what would be the result of expanding to full production?
According to the text, what would be the result of expanding to full production?
According to the text, what would be a workable means for monetizing expanded investment rates?
According to the text, what would be a workable means for monetizing expanded investment rates?
According to the text, what happens to unit labor costs under the binary growth model?
According to the text, what happens to unit labor costs under the binary growth model?
What does the Capital Homestead Act aim to make available to the masses?
What does the Capital Homestead Act aim to make available to the masses?
According to the text, how would increased consumer spending and increased investment affect the volume of income transactions in the overall economy?
According to the text, how would increased consumer spending and increased investment affect the volume of income transactions in the overall economy?
What does the formula M x V = P x Q represent according to the text?
What does the formula M x V = P x Q represent according to the text?
