If the underground economy is sizable, then GDP will
a. understate the economy's performance.
b. overstate the economy's performance.
c. fluctuate unpredictably.
d. accurately reflect this subterranean activity.
A
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Refer to Table 9-3. What is the value of the bank's net worth?
A) $200 million B) $2,000 million C) $2,800 million D) $3,000 million
Most of the loanable funds available to the World Bank to lend to developing nations come from
A. developing nations. B. the sale of oil. C. the sale of international bonds that are issued by the World Bank. D. the world's wealthiest nations.
You are given the following budget data for a country that has both a central government and local governments.
(a)How much is the deficit for the central government, the local government, and the total of the central and local governments?(b)How much is the primary deficit for the central government, the local government, and the total of the central and local governments?
What will be an ideal response?
The change in real GDP resulting from an initial change in spending can be calculated by:
A. Dividing the multiplier by the initial change in spending B. Dividing the initial change in spending by the multiplier C. Multiplying the multiplier by the initial change in spending D. Adding the initial change in spending to the multiplier