Refer to Table 19-11. Real GDP for Tyrovia for 2016 using 2007 as the base year equals
A) $1,140. B) $880. C) $690. D) $560.
C
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Suppose the demand for wine is elastic and that initially 5 million bottles of wine are produced and consumed in the United States. If the government imposes a tax of $2 per bottle of wine, the government will collect
A) more than $10 million in tax revenues. B) $10 million in tax revenues. C) less than $10 million in tax revenues. D) an amount that may be more than, equal to, or less than $10 million in tax revenues depending on the precise elasticity of demand.
Nominal personal consumption expenditures in the United States were $1760.4 billion in 1980 and rose to $3839.3 billion in 1990. The price index for personal consumption expenditures was 58.5 for 1980 and 92.9 for 1990, where 1992 was the base year
Calculate the percent change in real personal consumption expenditures (rounded to the nearest percentage point) in the decade. A) 37% B) 59% C) 118% D) 137%
Job search theory regards ________ unemployment as a socially valuable, productive investment undertaken by the job searcher
A) structural B) cyclical C) mismatch D) frictional
Complete the following table by indicating the effect each of the following transactions has on U.S. net capital outflow and whether it involves direct investment or portfolio investment.
HINT: Effect on Net Capital Outflow answer choices are Decreased or Increased. The Type of Investment Involved answer choices are Direct Investment or Portfolio Investment.
