In 2009, we ran a capital account surplus of $__________ billion.
Fill in the blank(s) with the appropriate word(s).
421
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The price survey of the goods contained in the CPI market basket is conducted
A) every ten years, along with the Census. B) infrequently, because of its high cost. C) every year. D) monthly. E) every quarter.
Real disposable income for a household equals
a. the real return on capital services. b. real income available after taxes. c. the nominal wage rate. d. the real return on capital services after taxes.
The forces of supply and demand will provide a quantity that is:
A. less than the efficient quantity if a good generates external benefits. B. more than the efficient quantity if a good generates external benefits. C. exactly the efficient quantity if a good generates external benefits. D. either more than or less than the efficient quantity if a good generates external benefits. It is impossible to know whether it will be too much or too little without more information.
If real income rises 5%, prices rise 3%, and nominal money demand rises 7%, what is the income elasticity of real money demand?
A. 4/5 B. 3/4 C. 5/6 D. 6/7