According to the article, ________ is expected to increase and add to China's ________ component of GDP
A) retail sales; consumption
B) retail sales; investment
C) rental income; investment
D) rental income; exports
A
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A circular flow diagram shows the flows from the goods and resources markets
Indicate whether the statement is true or false
President Bush lowered income taxes for individuals in 2001. Explain how lower income taxes affect the aggregate demand curve
What will be an ideal response?
Doctor Green grows cucumbers for home consumption. That activity is: a. excluded from GDP to avoid double counting
b. excluded from GDP because an intermediate good is involved. c. excluded from GDP because no market transaction occurs. d. included in GDP because it reflects production.
Suppose your bank pays you 5 percent interest per year on your savings account. If prices increase by 5 percent per year over that time, approximately how much real value do you gain by keeping $100 in the bank for a year?
A. $0 B. $1 C. $3 D. $6