Since transfer payments by government are not associated with the production of goods and services, they are not included in GDP
a. True
b. False
Indicate whether the statement is true or false
True
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Joe has $50 to spend on pizza and movies. If movies are $5 each and a pizza is $10 then, assuming he spends all his money, he can buy which of the following bundle of goods?
A) 6 movies and 2 pizzas B) 8 movies and 4 pizzas C) 2 movies and 6 pizzas D) 6 movies and 4 pizzas
Elimination of the corporate income tax would ________ government saving and probably ________ private business saving
A) increase, increase B) increase, decrease C) decrease, increase D) decrease, decrease
Table 9.1 represents 3 markets for used computers. Which of the markets in Table 9.1 are NOT in equilibrium?
A. 1 only B. 2 only C. 3 only D. 1 and 3
When an American buys a factory in China, the transaction is registered a credit in the U.S. capital account.
Answer the following statement true (T) or false (F)