Exclusions from GDP measurement of such items as the value of housework and leisure seriously undermine the usefulness of GDP as an indicator of the economy's performance
Indicate whether the statement is true or false
F
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The government could close an inflationary gap by increasing government spending by some amount greater than taxes
Indicate whether the statement is true or false
The relationship between price and quantity demanded is said to be;
(a) Positive. (b) Negative. (c) Inverse. (d) Negative or inverse.
Referring to Table 4.2, Box P should be filled with 
A. $9.00. B. $0. C. $67. D. $17.
Which of the following is true when a country's trade position is balanced (i.e., NX = 0)?
A) Demand for domestic goods is equal to the domestic demand for goods. B) Demand for domestic goods is greater than the domestic demand for goods. C) Demand for domestic goods is less than the domestic demand for goods. D) Neither a budget surplus nor deficit exists (i.e., G - T = 0).