If a business firm in Country A produces a good but does not sell it in that same year, that good will not be counted in Country A's GDP
Indicate whether the statement is true or false
False
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Compound interest is:
A. the payment of interest on the original deposit. B. the payment of interest on both the original deposit and all accumulated interest. C. the interest rate adjusted for the rate of inflation. D. the real rate of interest compounded by the rate of inflation.
Indicators of economic activity that move at the same time as the overall economy are called ________ indicators.
A. real B. coincident C. long-term D. short-term
The European Central Bank has ensured independence by appointing Executive Board members for:
A. eight-year non-renewable terms. B. fourteen-year terms. C. twenty-year terms. D. life.
All of the following are criticisms of the Lorenz curve analysis EXCEPT
A. it does not take into consideration lifetime earnings. B. the inequality gap is not an issue that economists study. C. different sizes of households are ignored. D. income-in-kind is not figured in.