The expenditure approach to measuring GDP involves adding up the purchases of final goods and services by market participants
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
According to the Friedman-Phelps analysis, in the long run actual inflation equals expected inflation and unemployment is at its natural rate
a. True b. False Indicate whether the statement is true or false
Economic growth occurs when
A. a large part of a country's population is poor. B. a society sacrifices an amount of one good for more of another along its production possibility frontier. C. a society acquires additional resources or when its technology advances. D. there is unemployment of labor but other resources are used efficiently
Which of the following does not appear on the asset side of a bank's balance sheet?
A. required reserves B. checkable deposits C. loans D. excess reserves
In China
A) wages are beginning to rise, reducing its comparative advantage. B) there is little advantage from scale economies. C) the middle class is not expanding. D) poor coastal areas limit trade.