U.S. exports:
a. rise as our GDP rises, and fall as our GDP falls
b. fall as our GDP rises, and rise as our GDP falls
c. are insensitive to our GDP
d. have no relation to our GDP
c
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If $30 billion in new investment was added to the economy and MPC was 0.90, real GDP would increase by:
a. $30 billion. b. $90 billion. c. $100 billion. d. $210 billion. e. $300 billion.
The Cauchy-Schwartz inequality implies that the asymptotic variance of?
is:
A. ?greater than 
.
B. ?less than or equal to .
C. ?equal to .
D. ?less than .
The marginal tax rate is:
A. less than the average tax rate when a tax is progressive. B. calculated by dividing total taxes paid by one's total taxable income. C. the percentage of one's total income that is paid in taxes. D. the percentage of an increment of income that is paid in taxes.
If the MPS is 1/3, a $100 increase in net exports will
A. increase real Gross Domestic Product (GDP) by $100. B. reduce real Gross Domestic Product (GDP) by $100. C. reduce real Gross Domestic Product (GDP) by $300. D. increase real Gross Domestic Product (GDP) by $300.