Apple is an American company, but its iPhones are assembled in China. The sale of each iPhone then is counted in US GDP as:
A. consumption.
B. an export.
C. investment.
D. an import.
Answer: D
You might also like to view...
The table above shows the total product schedule for Rick's Lawn Service, a yard care company. The total product schedule shows
A) increasing marginal returns when the 6th worker is hired. B) decreasing marginal returns when the 1st worker is hired. C) first increasing and then decreasing marginal returns. D) output first increases then increases. E) only decreasing marginal returns.
The leadership of the Federal Reserve System is provided by
A) the Board of Governors. B) the Federal Advisory Committee. C) the Federal Open Market Committee. D) the directors of the twelve Federal Reserve banks.
A person obtains income by selling the services of the resources that he or she owns
a. True b. False Indicate whether the statement is true or false
When money demand decreases, the Fed can choose between:
a. increasing interest rates or increasing the supply of money. b. increasing interest rates or decreasing the supply of money. c. decreasing interest rates or increasing the supply of money. d. decreasing interest rates or decreasing the supply of money.