Use the information in the table above plus the fact that indirect taxes less subsidies are $10 billion and depreciation is $30 billion to calculate the value of GDP
A) $180 billion
B) $150 billion
C) $140 billion
D) $130 billion
A
You might also like to view...
If the horizontal axis measures the quantity of bank reserves and the vertical axis measures the interest rate, the demand curve for bank reserves ________
A) slopes up B) is perfectly elastic C) slopes down D) is perfectly inelastic
Which part or parts of the following statement describe each of the three functions of money?
"A pair of prescription glasses costs $250. I am spending $250 on one pair right now, and am saving $250 to buy a second pair in 6 months when the new styles are introduced."
A perfectly competitive firm is a price
A. giver. B. taker. C. maker. D. leader.
When the Fed considers the rate of inflation to be undesirably high, it would most likely
a. encourage banks to provide loans by lowering the discount rate b. encourage banks to provide loans by raising the discount rate c. restrict bank lending by lowering the discount rate d. restrict bank lending by raising the discount rate e. restrict bank lending by lowering the federal funds rate