In a small economy, consumption spending is $6,000, government spending is $1,200, gross investment is $1,500, exports are $2,000, and imports are $1,000. What is gross domestic product?
A) $9,700 B) $9,800 C) $10,800 D) $11,700
A
You might also like to view...
What is one potential problem with offering a choice of contracts to two different employees?
A) If Employee A is paid more than Employee B, Employee A might sue for discrimination. B) Employee A might be paid less than Employee B, proving statistical discrimination. C) The two employees might compare salaries without comparing risk-preferences, thereby running the risk of jealousy or claims of discrimination. D) The two employees might compare risk preferences without comparing salaries, thereby running the risk of jealousy or claims of discrimination.
Bonds rated as "highly speculative" are:
A. rated so because they guarantee high returns for the buyer. B. rated so because they do not have any default risk. C. commonly referred to as junk bonds. D. ranked just above investment grade by Standard amp; Poor's.
Through most of the 20th century in the former USSR:
A. a type of socialism that departed from theory was implemented. B. goods were distributed according to their need. C. people contributed what they could and took what they needed without a market. D. the country was free of economic forces.
implicit contracts are employment contracts that stipulate workers' wages for a specific period of time, usually 1 to 3 years.
Answer the following statement true (T) or false (F)