A country in which a substantial amount of the factories and stores that produce domestic goods and services are foreign-owned is most likely a country in which
A) GDP is much larger than GNP.
B) GNP is much larger than GDP.
C) GDP is roughly equal to GNP.
D) the relationship between GDP and GNP no longer exists.
A
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On January 1, 2010, a homeowner borrowed $5,000 for a term of six months to complete some home improvements, paying an annual interest rate of 8 percent. How much principal and interest will the homeowner pay back on July 1, 2010?
A. $2,500 B. $2,900 C. $5,200 D. $5,400
The historical record suggests that
A) the Phillips curve is horizontal. B) once policy makers attempted to exploit a short-run Phillips curve trade-off, it disappeared. C) shifts in long-run aggregate supply do not affect real output. D) inflation rates are lowest when unemployment rates are also low.
According to the table shown, what is the market price?
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
A. $500
B. $150
C. $50
D. $27.50
Answer the following statement(s) true (T) or false (F)
1.If the Fed pursues a expansionary monetary policy on the open market, then U.S. exports will most likely decrease. 2.With the velocity of money, V represents the average number of times that each dollar is used in purchasing final goods or services in a one-year period. 3.According to the equation of exchange, the value of goods purchased is more than the value of goods sold. 4.The quantity theory of money and prices is the hypothesis that changes in the money supply lead to equal proportional changes in the price level. 5.The time lag is typically longer for adopting monetary policy changes than fiscal policy changes.