Which of the following will lead to an increase in the gross domestic product of a country, all other variables remaining unchanged?
A) An increase in imports
B) An increase in consumption expenditure
C) A fall in the expenditure incurred by the government
D) A fall in the expenditure on investment goods
B
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Goods that are very useful and highly desired are likely to be relatively expensive, no matter how scarce or abundant they are
Indicate whether the statement is true or false
The Taylor rule relates
a. inflation rates to unemployment rates. b. the federal funds rate to inflation and output rates. c. differences in the federal funds rate from its target to differences in inflation and unemployment from its target. d. differences in the federal funds rate from its target to differences in inflation and unemployment from its target. e. All of the above
Equilibrium in a repeated one-stage game:
A. requires cooperation. B. does not require cooperation. C. can only be found if the game is finite. D. can only be found if the game is infinite.
What is the final outcome if each firm follows its dominant strategy?
a. Each firm makes a profit of $75 M.
b. Each firm makes a profit of $100 M.
c. Each firm makes a profit of $125 M.
d. Each firm makes a profit of $175 M.