Consumption, as a component of GDP:
A. includes nondurable goods only.
B. measures spending on goods and services by individuals and households.
C. measures spending only on goods, not services, by private individuals and households.
D. includes durable goods only.
Answer: B
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In the above table, which tax plan is progressive?
A) only plan A B) only plan B C) only plan C D) both plan B and plan C
Since 2000, developing countries received large net capital inflows in the form of
A. official loans from foreign governments and the International Monetary Fund (IMF). B. debt service. C. foreign direct investments. D. short-term lending.
Once a firm is made to internalize a negative externality, the price will
A. increase and output will decrease. B. decrease and output will increase. C. decrease and output will decrease. D. increase and output will increase.
If the balance sheet below were for the entire banking system instead of just a single bank, by how much could loans be expanded? Assume a reserve ratio of 20%.
