Net wealth is _____
Fill in the blank(s) with the appropriate word(s).
the value of household's assets minus liabilities.
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Tariff accounts for 32% of the total government revenue in the U.K. and only 1.2% in India
a. True b. False Indicate whether the statement is true or false
Which of the following might result in an underestimation of GDP?
a. Significant underground activity such as trade in illegal drugs b. Sales of used cars c. Many intermediate goods d. Imported goods e. Exported goods
John Maynard Keynes concluded that investment spending is determined by
a. business confidence. b. economic expectations. c. psychological perceptions about the economy. d. All of the above are correct.
All else remaining equal, if the amount of money market deposit accounts increase, this will increase the size of:
a) only M1. b) only M2. c) M1 and M2. d) neither M1 nor M2.