Which of the following is correct if real GDP is $20 trillion and spending is $20.5 trillion?
What will be an ideal response?
Spending is greater than output by $0.5 trillion.
Economics
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A U.S. tariff imposed on items that can be produced more cheaply abroad
A) benefits Americans by making these goods cheaper. B) makes the goods more expensive in foreign markets. C) creates a deadweight loss. D) makes the world market more efficient.
Economics
Write an essay on the role of the WTO in today's international economy
What will be an ideal response?
Economics
Goals have many attributes, which of the following is not a main characteristic or attribute?
a. Intensity b. Complexity c. Priority d. Procrastination
Economics
GLS is consistent and BLUE if
A) X is predetermined. B) the error process is AR(1). C) X is strictly exogenous. D) all the roots are inside the unit circle.
Economics