Which component of GDP captures goods that are produced but not sold in a given year?
A. Personal consumption
B. Net exports
C. Nonresidential investment
D. Changes in private inventories
Answer: D
You might also like to view...
The housing bubble experienced in 2006 in the U.S. was exhibited by the extraordinary rise in the ratio of prices of houses to rents on houses
a. True b. False Indicate whether the statement is true or false
If an investor had a $200,000 long-term capital gain on a $50,000 investment from 1984 to 2010, her real annualized rate of return was most likely
A. equal to the real rate of inflation. B. between 11 and 20 percent. C. between 0 and 10 percent. D. negative.
Which of the following is included in the expenditures approach to GDP?
A. Government spending on welfare payments B. Spending on meals by consumers at restaurants C. Spending on used clothing at garage sales D. The value of stocks and bonds bought by businessmen
The excess burden of a tax is $5,000 and the tax revenue from this tax is $15,000. The total burden of this tax is
A. $3,000. B. $5,000. C. $10,000. D. $20,000.