Suppose that this year a small country has a GDP of $100 billion. Also assume that Ig = $30 billion, C = $60 billion, and Xn = - $10 billion. How big is G
What will be an ideal response?
$20 billion
You might also like to view...
The solvency of Social Security can be extended if
A. the tax rate is reduced. B. the retirement age is increased. C. the cap on taxable earnings is lowered. D. the trust fund invests in government bonds.
In sequential order, the four phases of the business cycle are
A) trough, peak, expansion, contraction. B) peak, contraction, trough, expansion. C) expansion, contraction, peak, trough. D) contraction, trough, peak, expansion.
A proprietorship is a business
A) with annual sales below $100,000. B) in which the stock of the company is closely held by members of one family. C) which produces a service rather than goods. D) owned by one individual who is responsible legally for the debts of the firm.
Positive externalities exist any time the social costs of producing a good or service exceed the private costs
a. True b. False Indicate whether the statement is true or false